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Federal Reserve Bank of Chicago
Chicago Fed Letter
Navigating Pension Reform in Illinois
Richard H. Mattoon
Sarah Wetmore

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.

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Richard H. Mattoon & Sarah Wetmore, "Navigating Pension Reform in Illinois" , Federal Reserve Bank of Chicago, Chicago Fed Letter, number 398, 2018.
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Keywords: Pensions
DOI: 10.21033/cfl-2018-398
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