Impact on Illinois' Structural Deficit
Release: October 21, 2019
The state of Illinois faces a significant structural deficit into the future. The report highlights the nature of the structural deficit and identifies two key causes: the state’s historically flawed tax policy and the plan devised for repayment of Illinois’ pension debt. CTBA proposes both the adoption of the Fair Tax and a reamortization of the pension debt as described in the report titled: Addressing Illinois’ Pension Debt Crisis With Reamortization. Doing so would allow the State to ensure full funding for the Evidence Based Funding Formula while also improving the status of Illinois’ public employee pension system and eliminating the State’s structural deficit by 2042.
CTBA's Testimony and Presentation to the Pension Conference Committee
Release: July 3, 2013
CTBA's 2013 testimony and presentation to the Pension Conference Committee.
Issue Brief: Analysis of the Governor’s Office of Management and Budget’s Pension Stabilization Summary
Release: August 1, 2012
This Issue Brief provides a synopsis of the core changes the Quinn Administration proposed for the state pension systems and an analysis of the cost saving estimates produced by the Governor's Office of Management and Budget.
Testimony to the Pension Modernization Task Force, Funding Subcommittee
Release: August 26, 2009
CTBA's August 2009, testimony to the Pension Modernization Task Force, Funding Subcommittee.
Pension Funding and the FY2008 Budget
Release: September 11, 2007
Pension funding and the state's FY2008 General Fund budget.