Buyout plans were expected to save $423 million, but only saved $13.1 million.
‘Invaluable’ Jose Gonzalez succeeds Kirk Sims, who left for the Texas Teachers’ Retirement System.
State failed to regularly examine 656 public safety plans as required by law.
The 650-plus downstate public funds could merge to lighten retirement funding burden.
Pritzker’s plan to bolster the underfunded public pension system via new taxes ‘punts’ on meaningful change, S&P says.
Pension plan’s chief says the $51.7 billion retirement system’s good investment returns aren’t enough to overcome unfunded liabilities.
Moody’s warns that without public cuts, liabilities will eat 30% of state income.
SUAA proposal to be entertained Jan. 30.
State representative hopes for reversal of population migration trend to battle pension crisis.
Adjustments include state constitution amendments, renegotiate pensions.