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Description

This article examines the funding status of downstate (which includes suburban) Illinois police and fire pension funds in relation to professional recommendations, the numbers of participants, benefits, actuarial assets and liabilities. In addition, relationships between municipal characteristics and changes in funding rations are analyzed to provide insight into the factors associated with changes in funding ratios. This article concludes with a discussion of potential approaches for addresses rising pension costs with possible implications for Illinois.

Publication Date

12-1-2018

City

DeKalb

Keywords

Illinois, public pensions, police pensions, fire pensions, rising pension costs

Language

eng

Department

Center for Governmental Studies

Insights into Rising Pension Costs in Illinois Municipalities

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