Pensions

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.

Released February 26, 2009

This Fact Sheet dispels some of the more common, and egregious, myths involving Illinois’ unfunded pension liability.

Released July 15, 2009

Fact Shee on House Bill 1292 of the 96th General Assembly, which would have amended the General Assembly Retirement System (GARS) Article of the Illinois Pension Code to create a defined contribution plan for new members

Released August 26, 2009

CTBA's August 2009, testimony to the Pension Modernization Task Force, Funding Subcommittee.

Released January 25, 2011

Information on Public Act 96-1495, which created a second, reduced pension benefit tier for Illinois' public retirement systems

Released April 5, 2011

Illinois does not currently tax pensions or retirement funds such as 401(k) plans. This Fact Sheet provides an estimate how much revenue could be generated by taxing some retirement income.

Released August 19, 2013

Fact Sheets on Illinois' five state-funded retirement systems. 

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