Navigating Pension Reform in Illinois

Richard Mattoon and Sarah Wetmore

Chicago Fed Letter, 2018, No 398

Abstract: Illinois is one of several states facing severe state and local public pension crises, but it is uniquely constrained in its ability to address the problem due to recent judicial rulings that all but prohibit pension benefit changes for current and retired public employees. A conference cosponsored by the Federal Reserve Bank of Chicago and the Civic Federation on April 17, 2018, examined the state?s options.

Keywords: Pensions (search for similar items in EconPapers)
Date: 2018
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DOI: 10.21033/cfl-2018-398

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