August 14, 2015 By: Thomas Corfman The city of Chicago is the local government most burdened by unfunded retirement plans in the nation, with a pension debt that’s more than eight times annual revenues, according to a new study by …

August 12, 2015 By: Josh B. McGee Illinois has a massive pension debt problem. Government employers owe workers at least $130 billion—money that should have been set aside to pay benefits. The state’s defined-benefit pension plans allow politicians to make …

August 12, 2015 By: Sheila Weinberg I want to commend Dave McKinney for his story in Crain’s on Illinois’ pension disaster, which pointed out key actions that governors and legislators purposely took that created the financial crisis. Here is the overarching …

July 28, 2015  By: Greg Hinz  Is the battle over Illinois pension reform headed to the U.S. Supreme Court? Illinois Attorney General Lisa Madigan is raising that possibility. In a petition filed late yesterday, she formally asked U.S. Supreme Court …

July 28, 2015  By: Scott Beyer  The financial situations for the city of Chicago and the state of Illinois are by now exceedingly clear: both are swimming in debt. The state’s figures stand at $164 billion, and the city’s combined …