Investigations

As part of our Rescuing Illinois Project, we investigative the millions of dollars in pension benefits guaranteed to former statewide office holders.

If Gov. Pat Quinn and the Illinois General Assembly are serious about saving money by changing the pension benefits of current state workers, they will probably need to pick a nasty and costly court fight with labor.

It’s the General Assembly Retirement System and it’s virtually broke—a sorry situation shared by other major state-backed employee pension plans, which must increasingly rely on taxpayer-supported  financing and accounting gimmicks to shore them up.