Pensions

Summary: Report on the Financial Condition of the Illinois Public Employee Retirement Systems

Release: August 7, 2007

A two-page summary of the  Commission on Government Forecasting and Accountability's 2007 report on the Illinois' state pension systems.

The Source of Illinois' Unfunded Pension Liability

Release: July 24, 2007

A Fact Sheet on the source of Illinois' unfunded pension liabilities.

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.

Analysis of the Fiscal Year 2008 Illinois General Fund Budget Proposal

Release: May 1, 2007

This Report contains CTBA's analysis of the proposed FY2008 General Fund budget, which was introduced by Governor Rod Blagojevich in March of 2007.

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.

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