Pension reform

Lawmakers plan to restructure the state's retirement plans in this year’s session, after last year’s bill was struck down.

Lawmakers are under pressure to fix the state's severely unfunded pension obligations.

Cities across the state are looking for pension relief as J.B. Pritzker prepares to take the reins as governor.

How the Bond Buyer covered the disasters and challenges of 2018.

The Legislature ended a special session after members concluded that there wasn’t time to overhaul the state’s underfunded pension systems.

Lawmakers are meeting this week after the state Supreme Court struck down a major pension overhaul passed earlier this year.

Mayor Rahm Emanuel says his pension package offers a path to further stabilize city employees' pensions without burdening taxpayers.

Chicago would issue up to $10 billion of POBs under a proposal the mayor left to city council to decide.

A bill would extend the sunset date of the law allowing local governments to issue pension obligation bonds and OPEB bonds past Dec. 31.

Rahm Emanuel will back a constitutional amendment to rein in pension benefits while city pension obligation bonds remain in play on a longer timeline.

The scope of the court's ultimate ruling in the first of five pension-related cases on its docket remains unclear after Wednesday's oral arguments.

The case may challenge the California Rule, which has thwarted efforts to cut pension benefits.

Treasurer Denise Nappier said a lottery revenue infusion and asset transfers could pump $3 billion into the Teachers' Retirement Fund.

Illinois' five state pension funds certified preliminary 2020 contributions may change, depending the results of planned buyout offers.

The California Supreme Court will hear oral arguments Dec. 5 on a case to decide what pension rights are vested for government employees in the state.

The state's largest retirement fund is advancing the planned buyouts as its unfunded liabilities continue to increase.

An asset transfer that links a revenue-producing asset to public pension funds may provide long-term solutions to poorly funded systems.

One proposal is to use the Chicago water system to fund the Windy City’s public employee pension plans.

The district will bring $75 million of new money and refunding bonds to market.

Thefirefighters' pension fund says Chicago shorted it $3.3 million, and wants to use an Illinois law to intercept state grant funds.