06.27.12
This week the Civic Federation released its annual Status of Local Pension Funding report. This report reviews fiscal year 2010 actuarial valuation reports and financial statements of the retirement funds. [1] The purpose of this report is to...
06.25.12
This report examines the sharp financial decline of Chicago-area public employee pension funds and emphasizes the urgency of pension reform efforts in Springfield. It is intended to provide...
06.21.12
In light of the State of Illinois’ pension funding crisis, it has become more widely understood that the annual Cost of Living Adjustment, or COLA, plays a large role in the State’s overall...
06.20.12
On June 18th at the Palmer House Hilton Grand Ballroom, the Civic Federation honored the civic leadership of Thomas J. Wilson, Chairman, President and Chief Executive Officer of The Allstate Corporation, with the Lyman J. Gage Award for Outstanding Civic Contribution by an...
06.15.12
As part of the spring legislative session, the Illinois General Assembly approved a sweeping reform measure intended to add transparency, accountability and competition to the State’s Enterprise Zone Act...
06.13.12
UPDATE: On Friday, August 3, 2012, Governor Quinn signed into law the pension reforms for the Metropolitan Water Reclamation District Retirement Fund as Public Act 097-0894 .
This blog post provides...
06.07.12
State of Illinois officials expect unpaid Medicaid bills to decline to $600 million by the end of the 2013 budget year, but that prediction depends on legislation that has not yet passed the Senate....
06.06.12
The Civic Federation will honor the civic achievements of an exceptional Chicagoan, Thomas J. Wilson, and an extraordinary corporate citizen, AT&T Illinois, at the organization’s annual Civic Awards Luncheon on Monday, June 18, 2012.
Thomas J. Wilson, Chairman, President and...
06.01.12
The following opinion piece by Civic Federation President Laurence Msall was published by Crain's Chicago Business on June 1, 2012 .
Yesterday was a most...
05.31.12
This blog post was updated on June 4, 2012 to reflect corrected information.
With just hours to go before a midnight adjournment deadline, the Illinois General Assembly has passed most components of a legislative package designed to eliminate a projected $2.7 billion gap in the...
