Pensions

Released June 23, 2017

Every school district in Illinois except for the Chicago Public Schools has its teacher pension payments made by the state as a consolidated payment to the Teachers Retirement System.

Released January 21, 2016

Ever want to know what the average pension is for a state employee? What’s a funding ratio, and what are the funding ratios for the different pension funds? How much did benefit increases cost the pension systems?

Released September 9, 2015

This Report offers a solution to Illinois' longstanding fiscal shortcomings. There are a number of common sense, data-driven initiatives that will modernize the tax code—and still keep Illinois relatively low tax. The Report details how changes to Illinois' tax policy, primarily to its income and sales taxes, and re-amortizing its pension debt can completely eliminate its structural deficit.

Released May 6, 2015

PowerPoint presented by Ralph Martire at the Senate Revenue Hearing.

Released November 20, 2006

An analysis of the five Illinois retirement systems finds that the state's worst-in-the-nation unfunded pension liability has grown by more than $7 billion in just the last two years.

Released May 4, 2007

This Report address the most common misconceptions the underfunding of Illinois' pension systems, and reviews the relative strengths and weaknesses of defined benefit versus defined contribution systems from the perspective of both the public sector and taxpayers.

Released July 24, 2007

A Fact Sheet on the source of Illinois' unfunded pension liabilities.

Released August 7, 2007

A two-page summary of the  Commission on Government Forecasting and Accountability's 2007 report on the Illinois' state pension systems.

Released September 4, 2007

This Report explains the source of Illinois immense unfunded liability, and how it relates to the state's budget and overall fiscal position.

Released September 11, 2007

Pension funding and the state's FY2008 General Fund budget.

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