Illinois earns 7th credit upgrade in less than two years
Illinois receives its seventh credit rating upgrade due to better financial management and increased pension fund contributions.
pension
Good pension news doesn’t alleviate underlying financial pressures, new report states
The state saw its unfunded pension liability decrease in fiscal year 2021 for the first time in four years, due ...
Court rejects lawsuit over state use of government bonds
The Illinois Supreme Court threw out a lawsuit Thursday that was brought by the head of a libertarian think-tank that ...
Pension consolidation bill gets tentative OK in House committee
A plan to consolidate 649 downstate municipal police and firefighter pension funds into just two unified systems hit an unexpected ...
Task force recommends merging 649 local pension funds
A task force Democratic Gov. J.B. Pritzker formed in February is recommending the state consolidate 649 suburban and downstate police ...
Deputy Governor Hynes offers details on options for pension plans
Gov. J.B. Pritzker’s administration is putting together what it calls a comprehensive plan to restore the state’s pension system to ...
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