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Tag: public pensions

State’s pension debt grows to $139.7 billion

State’s pension debt grows to $139.7 billion

— December 12, 2022

SPRINGFIELD – 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…

  • Pensions still under pressure despite good news in 2021 report

    Pensions still under pressure despite good news in 2021 report

    — December 9, 2021

    SPRINGFIELD – 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,…

  • Gov. Rauner targets pensions, insurance costs in budget

    Gov. Rauner targets pensions, insurance costs in budget

    — February 19, 2018

    Illinois 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…

  • Pritzker hails passage of pension consolidation bill

    Pritzker hails passage of pension consolidation bill

    — November 18, 2019

    SPRINGFIELD – 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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