Local pension funds tread water around Chicago and Illinois – The Bond Buyer

The collective health of 11 pension systems that cover Chicago and Cook County and local general government workers across the state mostly held steady in 2020, propped up by healthy investment returns and rising contribution levels for some of the funds that still fall short of actuarial standards. Overall the results for 2020 laid out in the state legislature?s Commission on Government Forecasting and Accountability annual compilation were mixed and several recent pieces of legislation stand to influence results in the coming year, both negatively and positively.