Issues: State Pensions

The IIFS believes that the public pension systems of Illinois must be sustainably funded and well-managed. As part of the Federation, the IIFS builds upon the Federation’s national reputation for expertise in pension funding and reform. Read our analyses, opinions, and recommendations for the reform of the State of Illinois public pension system here.

Recent Research

  • 05.13.13

    State of Illinois FY2014 Recommended Operating and Capital Budgets: Analysis and Recommendations

    The Civic Federation supports Governor Pat Quinn’s $62.4 billion FY2014 recommended operating budget for balancing revenues and expenditures without borrowing and making progress toward reducing the State’s backlog of unpaid bills. However, this budget proposal is only a stopgap that further demonstrates the urgent need for comprehensive pension reform.

    The State’s pension costs, including debt payments on past borrowing for pensions, will consume nearly 25% of State-source General Funds revenues in FY2014. The Civic Federation continues to urge the General Assembly to enact reforms that will significantly reduce the State’s pension obligations.

  • 02.25.13

    State of Illinois FY2014 Budget Roadmap

    Prior to the release of the Governor’s annual budget recommendation, the Institute for Illinois’ Fiscal Sustainability at the Civic Federation releases an analysis of the State of Illinois’ fiscal condition. The FY2014 Roadmap includes a review of Governor Quinn’s three-year budget plan, a rough five-year budget projection for FY2014 to FY2018 and recommendations for the Governor and General Assembly to improve the state’s financial condition.

  • 05.01.12

    State of Illinois FY2013 Recommended Operating and Capital Budgets: Analysis and Recommendations

    The Civic Federation supports Governor Pat Quinn’s $57.4 billion FY2013 recommended operating budget, because it acknowledges the depth of the State’s financial problems and would put Illinois finances on the road to recovery with major structural reforms to the State’s Medicaid program and pension systems.