For all the self-congratulation, the victory proved hollow. Even after the reforms, most analysts predict that Illinois’s pension system will go broke before 2020. In January, the legislature approved ...
State pension recipients won’t lose their money because of the downturn in the market, but decreased value of investments could force lawmakers to make fiscal decisions that could affect all taxpayers ...
(AP) – CHARLESTON, W.Va.: Bigger and bigger pension costs were draining the city’s general fund until a new law helped the city to set aside more assets for future benefits. The city also created a ...
Illinois faces real budget pressure from looming federal cuts. But delaying pension reform again would only deepen the state’s biggest financial weakness.
An in-depth look into Illinois' pension problem.
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