Pensions

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. 

Released March 7, 2012

This Issue Brief provides an overview of school districts contributions to the Teachers Retirement System, facts concerning the issue of employer pick-ups, and how shifting the responsibility for paying for teacher pensions would impact school districts.

Released August 27, 2012

This Issue Brief provides an overview of the state pension systems' underfunding and an analysis of House-Joint Resolution Constitutional Amendment (HJRCA) 49. HJRCA 49 would create a new section to the Illinois Constitution. 

Released 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. 

Released July 3, 2013

CTBA's 2013 testimony and presentation to the Pension Conference Committee.

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