Some state lawmakers and unions want to "sweeten" pension benefits to the point of costing taxpayers $80 billion by 2045, to ...

Public pension fund earnings would have improved had they pulled out of fossil fuel companies sooner, said state Rep. Will ...

Now, with the possibility of pension reform nowhere in sight, Chicago faces $51 billion in pension debt — a larger number than that of 43 states — and perpetual budget crises. In some ways ...

The 1,700-member class will receive $10 million in increased benefits, and attorneys representing the retirees will receive ...

The immediate threat by the Trump administration of cutting off federal funding seems to have passed, but the incident is affecting Gov. JB Pritzker's thinking on what promises to be a tight state ...

In a contentious confirmation hearing to be the nation’s top health official, Robert F. Kennedy Jr. struggled to answer ...

Illinois’ five state-run retirement systems need $16.8 billion in funding for the coming fiscal year, but state lawmakers ...

With Gov. JB Pritzker still weighing whether to seek a third term, the firmer foundation he’s laid for Illinois’ historically shaky finances faces a major stress test from ballooning deficit ...

The Illinois legislature’s Commission on Government Forecasting and Accountability recently released an eye-popping actuarial ...

Heading into budget season, Illinois Gov. JB Pritzker faces several converging challenges, including a projected deficit over ...

Ratings agency S&P downgraded the city of Chicago’s general obligation ... warning leaders not to abandon a key long-term pension reform or rely too heavily on one-time fixes to plug its budget ...

The reform raises mandatory contributions and improves women’s benefits, while carrying a high fiscal cost.