Released February 18, 2019
One idea that has been proposed by a number of observers to repay some of Illinois’ pension debt is an “asset transfer.” Under this proposal, the state (or the City of Chicago, which is also facing a large pension debt problem) would make a contribution to the pension systems in the form of a pub
Released October 10, 2017
The changes made to Illinois public pension systems in Public Act (PA) 100-0023 (introduced as Senate Bill 42), the Budget Implementation Act, or BIMP, passed on July 6, 2017, and include two primary elements. First, the BIMP creates a new Tier 3 level of benefits for public sector workers.
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.
The Illinois Public Pension Funding Crisis: Is Moving from the Current Defined Benefit System to a Defined Contribution System an Option That Makes Sense?
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.