Pension Funds

BGA: Suburban Police, Fire Pension Fund Shortfalls Total $3.3 BillionPolice and fire departments across suburban Cook County might be in line for some budget cuts, as huge pension problems loom, according to a report from a government watchdog.
Legislative Maneuver Making Pension Funds Appear Deficient legislative maneuver made nearly three years ago is causing some state employee pension funds to appear less funded than they really are.
Republican Lawmaker Targets Controversial Pension PerkHouse Republican Leader Tom Cross said Thursday that he plans to push for legislation to repeal a 1991 law that allows union leaders from Chicago to reap inflated retirement benefits from ailing city pension funds.
Daley Says Pension Reform Could Force Historic Tax HikeIllinois lawmakers have approved a pension reform proposal that Mayor Richard M. Daley warned would result in the largest property tax hike in Chicago history.