Asset transfers to the state pension systems: Six questions to be answered
Release: February 18, 2019
One idea that has been proposed by a number of observers to repay some of Illinois’ pension debt is an “asset transfer.” Under this proposal, the state (or the City of Chicago, which is also facing a large pension debt problem) would make a contribution to the pension systems in the form of a publicly owned property, such as a tollway or lottery, rather than in the form of cash.
Pension Changes in the FY2018 Budget: Short-Term Savings and Long-Term Costs
Release: October 10, 2017
The changes made to Illinois public pension systems in Public Act (PA) 100-0023 (introduced as Senate Bill 42), the Budget Implementation Act, or BIMP, passed on July 6, 2017, and include two primary elements. First, the BIMP creates a new Tier 3 level of benefits for public sector workers. Second, the BIMP permits the state to smooth out the fiscal impact of the actuarial reduction in the assumed rate of return generated by the state’s five pension systems.
How Revenue and Spending Impact the Illinois General Fund
Release: May 6, 2015
PowerPoint presented by Ralph Martire at the Senate Revenue Hearing.
Fact Sheet: Illinois Public Employee Retirement Systems
Release: August 19, 2013
Fact Sheets on Illinois' five state-funded retirement systems.
CTBA's Testimony and Presentation to the Pension Conference Committee
Release: July 3, 2013
CTBA's 2013 testimony and presentation to the Pension Conference Committee.