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22 kwi 2024 · The plan would alter a 1995 law signed by then-Republican Gov. Jim Edgar that put the state on a 50-year ramp to get Illinois’ pension systems to a 90 percent funded level by 2045. Pritzker wants to extend that deadline three more years, but up the funding goal to 100 percent.
13 paź 2024 · Responsible pension legislation should: Achieve and maintain 100% funding. Place the Illinois retirement systems on a path to 100% actuarially determined funding by 2055 or sooner, ensuring the...
12 wrz 2023 · A state law obligates Illinois to increase pension contributions by stairstep amounts each year — climbing from $6.9 billion in 2015 to $18.2 billion in 2045. And even after all that, the system still would be only 90% funded that year — below the 100% that actuaries recommend.
19 kwi 2024 · The plan would alter a 1995 law signed by then-Republican Gov. Jim Edgar that put the state on a 50-year ramp to get Illinois’ pension systems to a 90 percent funded level by 2045. Pritzker wants to extend that deadline three more years, but up the funding goal to 100 percent.
23 kwi 2024 · April 23, 2024. Several bills that enhance Tier 2 state worker pension benefits, reduce retirement ages, allow for large end-of-career lump-sum payments and other pension sweeteners are moving...
21 lut 2024 · Illinois Governor J.B. Pritzker is proposing a plan to fully fund the state’s pensions by 2048 as he seeks to bolster the finances of the worst-rated US state. The five state pension...
An amendment to the Illinois Constitution can allow for needed reforms without running afoul of the U.S. Constitution. The Illinois Supreme Court’s interpretation of the pension clause leaves...
