State’s pension debt grows to $139.7 billion
— December 12, 2022SPRINGFIELD – Illinois’ unfunded pension liability grew by $9.8 billion, or 7.5 percent, in the fiscal year that ended June 30, due in large part to market losses in a volatile…
Tag: public pensions
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Pensions still under pressure despite good news in 2021 report
— December 9, 2021SPRINGFIELD – The state saw its unfunded pension liability decrease in fiscal year 2021 for the first time in four years, due in large part to investment returns exceeding 20 percent,…
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Gov. Rauner targets pensions, insurance costs in budget
— February 19, 2018Illinois would balance its budget by shifting pension burdens to local taxing bodies and cutting employee health care costs, under Gov. Bruce Rauner’s proposed fiscal year 2019 spending…
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Pritzker hails passage of pension consolidation bill
— November 18, 2019SPRINGFIELD – Democratic Gov. J.B. Pritzker thanked lawmakers Thursday, Nov. 14 for passing legislation to address an issue that has eluded the General Assembly for nearly seven decades…
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