The bill is designed to make sure that Chicago police officers and firefighters earn pension benefits at the same level as ...

Illinois’ pension debt remains a $144B drag, threatening both the state’s fiscal health and Gov. JB Pritzker’s national ...

SPRINGFIELD — Public employees hired since 2011 must continue to wait for pension reform after Illinois lawmakers declined to take up the issue during the spring session.

Illinois’ unfunded pension liability grew by $1.5 billion in fiscal year 2024 to $143.7 billion, according to a December report from the Commission on Government Forecasting and Accountability.

With pension reform possibly within reach, there’s a Goldilocks problem for the state lawmakers setting plans to tackle Illinois’ worst-in-the-nation pension problem. Some fixes would be too ...

Between now and 2040, Peoria owes, roughly, $360 million in public safety pension payments due to a state mandate that police and fire pensions be 90% funded by 2040.

CHICAGO (AP) — With lawmakers preparing to return to Springfield this week to address the state's most pressing issues, Senate President John Cullerton is suggesting the $97 billion Illinois pension ...

CHICAGO -- Illinois, with its reputation for political wheeling and dealing, backroom handshakes and 11th-hour bargains, is dragging its feet on the one deal needed to solve its biggest crisis in ...

Your editorial "Pension purgatory" (Dec. 3) has two main problems. First, as regards the constitutional challenge, you say that "it's not as though it's news that the unfunded pension liability ...

There are the state of Illinois pension problems -- created by politicians, terrifying in scope, and increasingly lethal to school funding, health care and other spending needs.

Illinois’ worst-in-the-nation pension crisis shouldn’t come as a surprise. For years economists have been sounding the alarm that Illinois’ pension problem is growing from financially ...

Illinois lawmakers begin a two-month push on Monday to enact major pension reform, under pressure from taxpayers, workers, business groups and bond investors to fix the worst-funded state pension ...