Public Pensions

Issue Brief: Analysis of the Governor’s Office of Management and Budget’s Pension Stabilization Summary

Release: 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. 

Issue Brief: Shifting the Normal Cost & Employer "Pick-Ups" for Teachers

Release: March 7, 2012

This Issue Brief provides an overview of school districts contributions to the Teachers Retirement System, facts concerning the issue of employer pick-ups, and how shifting the responsibility for paying for teacher pensions would impact school districts.

Taxing Retirement Income

Release: April 5, 2011

Illinois does not currently tax pensions or retirement funds such as 401(k) plans. This Fact Sheet provides an estimate how much revenue could be generated by taxing some retirement income.

Politics Over Policy: Swift 'Reform', Questionable Savings, Delayed Consequences

Release: January 25, 2011

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

Testimony to the Pension Modernization Task Force, Funding Subcommittee

Release: August 26, 2009

CTBA's August 2009, testimony to the Pension Modernization Task Force, Funding Subcommittee.

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