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IGPA State Summit Report on Public Pensions

The IGPA State Summit Report presents research and analysis by several of the most influential leaders on pensions in Illinois and the nation. The report discusses strategies to change the current system while maintaining fairness in the process.

The report is the culmination of The IGPA State Summit 2011: A Bold New Dialogue on Public Pensions, held on October 3 and 4 at the Union League Club of Chicago. As Illinois’ leading nonpartisan authority on public pension policy, IGPA brought together dozens of the top decision makers on the issue from across the state. Representatives from the General Assembly, public pension funds, unions, the Commercial Club of Chicago, academia, and advocacy organizations came together for two days on neutral ground to discuss ways to move forward on one of the state’s most contentious issues.

The report provides an overview of major conclusions from speaker presentations and panels. Dr. Alicia Munnell, director of the Center for Retirement Research at Boston College, provided a new model for pension systems—a “stacked” plan—that drew considerable interest among participants. Panelists Tyrone Fahner, of the Commercial Club of Chicago, and Henry Bayer, of AFSCME, sat on a panel together to clearly define opposing viewpoints on the issue.

The report also lays out major points from small group discussions. Several findings are defined, including a framework for fairness, the importance of finding common data to set groundwork for reform, and consideration of the Illinois Constitution’s “non-impairment clause.” The report also provides insight from a panel of state legislators, which included members of the committees on public pensions in both chambers.

Click here to read the report (PDF)

A Slideshow From the IGPA State Summit 2011


 

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