Public Pensions: Frequently Asked Questions

Release: January 21, 2016

Ever want to know what the average pension is for a state employee? What’s a funding ratio, and what are the funding ratios for the different pension funds? How much did benefit increases cost the pension systems? How much did investment losses contribute to pension underfunding? What’s the biggest factor for underfunded public pensions in Illinois?

We’ve got answers to those questions and many more in this convenient document, "Public Pensions: Frequently Asked Questions."

HB 3798 of the 96th General Assembly

Release: 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

Debunking Illinois Pension Myths!

Release: February 26, 2009

This Fact Sheet dispels some of the more common, and egregious, myths involving Illinois’ unfunded pension liability.

The Illinois Public Pension Funding Crisis: Is Moving from the Current Defined Benefit System to a Defined Contribution System an Option That Makes Sense?

Release: 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.

The Illinois Pension Funding Problem: Why It Matters

Release: 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.