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The Civic Federation annually reviews the budget proposals of major Chicago area governments, including Cook County. A portion of the analysis focuses on a five-year review of each government’s long and short term liabilities, based on the most recent audited financial information available from...


The financial condition of Illinois’ pension funds improved slightly due to strong investment returns, but they remained critically underfunded at the end of fiscal year 2017.

The five State-funded retirement systems had total unfunded liability of $129.1 billion as of June 30, 2017,...