Illinois pension debt

There’s hope for Illinois’ pension debt

Published by admin on Sun, 03/03/2024 - 3:34pm

˙Gov. JB Pritzker proposed some changes to the state’s pension system during his budget/State of the State speech last month that will likely please the New York City-based bond rating agencies by giving them something they want, as well as his fellow Democrats by freeing up some money to spend on other things.

Arizona cut pension benefits, but Illinois won’t

Published by admin on Sun, 12/16/2018 - 4:20pm

 

We’ve seen a big push over the past few weeks for an Arizona-style pension “fix” here. That state’s voters have twice approved constitutional amendments to limit future benefits for public employees – once in 2016 and then again last month.