Second Benefit Tier

Released January 25, 2011

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

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.