Illinois Pension Code News Today

As we approach the new year, Franczek is pleased to recap the new legislation applicable to K-12 schools that passed in 2023. Below you will find our compilation of this year’s...

Franczek P.C. is pleased to announce the publication of its Legislative Update for schools. A PDF version of the 2024 School Law Legislative Update is now available...

(The Center Square) – Measures ranging from lifting Illinois' nuclear moratorium to addressing electric vehicle policies in the state and lifting some fees on the state’s cannabis industry are now law. Gov. J.B. Pritzke...

(The Center Square) – Measures ranging from lifting Illinois nuclear moratorium to addressing electric vehicle policies in the state and lifting some fees on the state’s cannabis industry are now

This edition of The Policy Shop is brought to you by Director of Fiscal and Economic Research Bryce Hill. Three years ago, Illinois state lawmakers wrote to Washington, D.C., asking for a favor. Nothing major. Just $40 billion. A cool $10 billion to bail out state and local public pensions, plus extra to prop up...

Illinois state and local pension debt now tallies $218 billion with both debt to GDP and funding ratios the worst in the nation, according to a new Equable Institute report.

Even with additional funding, Illinois contributes billions less than needed to fund future obligations to retirees

(The Center Square) – Despite the state making supplemental contributions, a credit rating agency says Illinois’ “poorly funded” pensions will continue to stress state and local government budgets as the state sees "weak demographic tr...

(The Center Square) – Despite the state making supplemental contributions, a credit rating agency says Illinois’ “poorly funded” pensions will continue to stress state and local government budgets as the

(The Center Square) – Despite the state making supplemental contributions, a credit rating agency says Illinois’ “poorly funded” pensions will continue to stress state and local government budgets as the