Public pensions

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.

The Public Pension Management and Asset Investment Review Commission says its blueprint could save the commonwealth roughly $10 billion over 30 years.

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.

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

Gov.-elect J.B. Pritzker will inherit $133.7 billion of unfunded pension liabilities, according to a nonpartisan state commission.

Doñé will take a key advisory role in the nation's fourth-largest pension system.

While citing “noticeable, across-the-board improvements,” state Auditor Eugene DePasquale said significant work remains for the distressed city's three pension plans.

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.

Dearborn plans to price $35 million of bonds and Muskegon County plans $45 million.

Peter Hayes, head of municipals at BlackRock, says liquidity is sound and muni funds can cope with outflows. He says that among the larger factors in their daily decision-making is the status of an issuers’ pension and OPEB liabilities along with bond structure. John Hallacy is host.

The state's backlog of unpaid bills could skyrocket to $23.7 billion without budget changes, said a new report from Gov. Bruce Rauner's administration.

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

The budget and a five-year plan hint at what County Board President Toni Preckwinkle would do if she is elected Chicago mayor.

The Chicago City Council approved the 2020 budget in a near unanimous vote.