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Rauner was the chairman of private equity firm GTCR, where he had worked for more than 30 years, starting in 1981 after his graduation from Harvard [5] through his retirement in October 2012. [14] A number of state pension funds, including those of Illinois, have invested in GTCR. [15]
The Illinois pension crisis refers to the rising gap between the pension benefits owed to eligible state employees and the amount of funding set aside by the state to make these future pension payments. As of 2020, the size of Illinois' pension obligation is $237B, but the state's pension funds have only $96B available for payouts to retirees.
The Illinois Policy Institute (IPI) a free market nonprofit think tank with offices in Chicago and Springfield. [2] Founded in 2002, it is active in the areas of education policy, pension policy, and state budget issues. [3] IPI advocates for smaller government and lower taxes. [4] [5] It has an affiliated lobbying arm and legal arm. [4]
(The Center Square) – Illinois’ pension debt compared to personal income is the second worst in the nation. Fitch Ratings reviewed pension funds for public employee retirees from every state ...
(The Center Square) – The push is on for Illinois legislators to advance some form of pension reform to address what proponents say are shortfalls in Tier II pensions. Illinois implemented Tier ...
Illinois public pension debt grows Illinois’ pension situation is getting worse. The Commission on Government Forecasting and Accountability reports the total unfunded liability is 46% with a ...
Dunkin previously served as a Democratic member of the Illinois House of Representatives, representing the 5th District from December 2002 until January 2017 and as an appointed by Governor Bruce Rauner to fill a vacancy on the Board of Commissioners for the Metropolitan Water Reclamation District of Greater Chicago in May 2018, [2] serving ...
(The Center Square) – Illinois unfunded pension liability is growing. The Illinois Commission on Government Forecasting and Accountability reports the latest unfunded liability is $143.7 billion.