Public Pensions
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 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.
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.