12.30.14
The following posts were among the most highly read on the Civic Federation blog in 2014 and represent some of the most closely followed local government issues this year:
Illinois...
Library
12.03.14
The Civic Federation supports the Chicago Park District’s proposed FY2015 operating budget of $448.6 million that accommodates increased employer pension contributions mandated by the...
11.12.14
The provisions of Public Act 98-0622 will not go into effect until January 1, 2015, but the changes to Chicago Park District employee and retiree pension benefit levels contained in the legislation have already reduced the fund’s unfunded liability by $109.4 million or 18.5% and increased the...
10.02.14
Chicago-area public employee pension funding levels continued to decline in FY2012, with total unfunded liabilities for the ten funds analyzed rising to $37.2 billion from $32.0 billion in FY2011...
09.17.14
The most basic question about a pension fund is whether its assets are sufficient to cover total liabilities incurred. In this blog post, we examine the aggregate pension liabilities and Other Post Employment Benefit (OPEB) liabilities of ten large local...
08.26.14
The difference between a pension fund’s assets and accrued liabilities is known as the unfunded liability . The unfunded actuarial accrued liability (UAAL) is calculated by subtracting the actuarial value of...
05.21.14
Chicago and Cook County residents who followed the pension debate at the State of Illinois might be surprised by the fact that proposals for pension reform for the City of Chicago...
01.15.14
As a follow-up to the Capital Planning Overview , this blog post summarizes information contained in the Civic Federation’s FY2014 budget analyses to compare how well the capital improvement...