Posts tagged "retirement benefits"

Just The Facts: A Primer on Illinois Pensions

Over the last few years we have all been engaged in an effort to find a sensible, workable solution to Illinois’ pension crisis. Simply put, the current pension system is unsustainable and poses the threat of overwhelming the state’s budget if left unaddressed. More immediately, the state’s broader budget issues cannot be resolved until the... Read more »

The Burden of Retiree Health Care Costs

Retirement-related programs for Illinois’ public employees have more than $140 BILLION in unfunded obligations and debt, which are growing every year.   The three retiree health care plans for state workers, downstate teachers and community college workers account for $44 BILLION of those unfunded obligations.    100% PREMIUM SUBSIDY   Government workers who participate in... Read more »

Illinois Budget News: May 17

Another Monday and another great collection of editorials and news clips from the weekend and today. To start, we would like to quote the enitre editorial from the Chicago Tribune this morning, “Springfield’s lost boys“, but we’ll start with the opening paragraph. The full piece is a must read and calls on lawmakers to cut... Read more »
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