February 2022 - Jane the Actuary

February 28, 2022 Jane the Actuary Retirement

Forbes post, “‘Tuesday Is A Yes-Or-No Moment’ – The Ill-Fated 2013 Illinois Pension Reform”

In 2013, the state finally got serious about pension reform. Why did it fail?

February 26, 2022 Jane the Actuary Uncategorized

Forbes post, ““Don’t Be A Chump”: The Story Of The Illinois Pension Reform That Wasn’t”

Why did a 2012 Illinois constitutional amendment fail?

February 20, 2022 Jane the Actuary Retirement

Forbes post, “‘We Don’t Have Actuarial Numbers Relative To This Amendment’: Illinois’ Tier 2 Pension In Their Own Words”

Illinois legislators knew there was no analysis of the Tier 2 pension system — the sort that could have prevented enacting a plan now at risk of not meeting Social Security safe harbor regulations — but they did it anyway.

February 3, 2022 Jane the Actuary Retirement

Forbes post, “‘The Pension Bill Has Something For Everybody’: A Look Into How Illinois Lawmakers Justified Their Pension Benefit Boosts”

In which I read the floor debate transcripts preceding the approval of pension benefit-boosting laws in Illinois.

February 3, 2022 Jane the Actuary Retirement

Forbes post, “More On The Illinois Pension Combine: The Bipartisan History Of Illinois’ Public Pension Benefit Boosts”

Yes, both parties voted repeatedly to boost pension benefits in Illinois.