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Pensions

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Tier 2 Pensions and the Safe Harbor Issue: Explained

Policy Brief: Tier 2 Pensions and Safe Harbor ExplainedThe Civic Federation partnered with the Civic Committee of the Commercial Club of Chicago to draft…

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Tier 2 Pensions and the Safe Harbor Issue: Explained

Policy Brief: Tier 2 Pensions and Safe Harbor ExplainedThe Civic Federation partnered with the Civic Committee of the Commercial Club of Chicago to draft…

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How the Chicago Pension Funds Fared in 2022

In this blog post, the Civic Federation analyzes indicators of the fiscal health of the City of Chicago’s four pension funds based on the most recent FY2022…

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How the Cook County Pension Fund Fared in 2022

In this blog post, the Civic Federation analyzes indicators of the fiscal health of the Cook County pension fund based on the most recent …

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Civic Federation Written Testimony to House Personnel and Pensions Committee

The Civic Federation submitted the following written testimony to Chairperson Kifowit and Members of the House Personnel & Pensions Committee on August 9, 2023.Dear Chairperson Kifowit and Members of the House Personnel & Pensions…

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Addressing the Financial Entanglements Between the City of Chicago and Chicago Public Schools

With the upcoming implementation of an elected school board to oversee Chicago Public Schools, the governance of CPS will be separated from the City of Chicago. The 21-member elected school…

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Civic Federation Written Testimony in Opposition to SB1629 and SB1630

The Civic Federation submitted the following written testimony in opposition to SB 1639 and SB1630 to Chairperson Kifowit and Members of the Personnel & Pensions Committee on May 10, 2023. The same written testimony was also submitted…

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Before Enhancing Tier 2 Benefits, Evaluate the Financial Impact of Illinois Pension Proposals

On April 20, 2023 two bills passed out of committee in the Illinois House of Representatives that would increase pension benefits for Chicago firefighters hired after 2010. Senate Bills…

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Funding Status of the Chicago Teachers’ Pension Fund

This blog post examines the Chicago Public Schools’ contributions to the Chicago Teachers’ Pension Fund in the FY2023 budget and the funding status of the Pension Fund based…

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Recently Enacted Changes to the Chicago Park District’s Pension Funding Schedule

Over the summer, Illinois Governor JB Pritzker signed into law Public Act 102-0263, which makes changes to the funding schedule for the Chicago Park District’s…