Reports

HJRCA 49: A Constitutional Amendment Regarding the Rules Governing Pension Benefit Increases

Release: August 27, 2012

This Issue Brief provides an overview of the state pension systems' underfunding and an analysis of House-Joint Resolution Constitutional Amendment (HJRCA) 49. HJRCA 49 would create a new section to the Illinois Constitution. 

State Pensions, Second Benefit Tier, COLA, State Constitution, 97th General Assembly

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. 

State Pensions, Second Benefit Tier, State Budget, COLA

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

96th General Assembly, Second Benefit Tier, Local Pensions, Chicago Teachers Pension Fund, Pension Holiday, State Pensions

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