Issues: Local Government Pensions

The Civic Federation believes that public pension systems must be sustainably funded and well-managed. The Federation’s national reputation for expertise in pension funding and reform has been earned through years of in-depth research and analysis of employee retirement systems statewide. Read our analyses, recommendations for reform, and opinions about local public pension systems here.

Recent Research

  • 12.11.13

    Metropolitan Water Reclamation District FY2014 Tentative Budget: Analysis and Recommendations

    The Civic Federation supports the Metropolitan Water Reclamation District’s tentative budget of $1.2 billion for its responsible pension practices and transparent long-term planning. The District is prudently basing its pension contribution this year on the actuarial needs of the fund, rather than blindly following statutory requirements. The District’s responsible pension fund stewardship is guided by its continued reliance on publicly-available long-term financial plans.

  • 12.04.13

    Chicago Park District FY2014 Budget: Analysis and Recommendations

    The Civic Federation supports the $425.6 million Chicago Park District budget for continuing the District’s multi-year effort to reduce its structural deficit. The proposal includes a broad-based property tax increase after eight years of relatively flat levies for the District. It also leaves the District well-positioned to implement the comprehensive pension reforms passed by the Illinois General Assembly in November 2013 that are now awaiting the Governor’s review.

  • 11.13.13

    City of Chicago FY2014 Proposed Budget: Analysis and Recommendations

    The Civic Federation supports the City of Chicago’s proposed $7.0 billion budget as a reasonable short-term plan that closes approximately two-thirds of a $338.7 million budget gap with structural changes that will continue to reduce the City’s ongoing deficit. To help balance the FY2014 budget, the City proposed an increase in the City’s cigarette tax rate, a reduction in the partial exemption from the amusement tax for cable companies and targeted rate increases for fines and permits.