Pension Funds

Better Government Association logo. (Credit: BGA)

BGA: Suburban Police, Fire Pension Fund Shortfalls Total $3.3 Billion

Police 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.


Money (CBS)

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.

WBBM Newsradio–01/12/2012

City Hall

Republican Lawmaker Targets Controversial Pension Perk

House 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.

CBS Chicago–09/22/2011

Mayor Richard M. Daley

Daley Says Pension Reform Could Force Historic Tax Hike

Illinois lawmakers have approved a pension reform proposal that Mayor Richard M. Daley warned would result in the largest property tax hike in Chicago history.

CBS Chicago–12/02/2010