US EditionAquifer protection, Chicago pension boost among more than 100 new laws
CHICAGO, ILLINOIS, AUG 5 – The law increases pension costs by more than $11 billion, aiming to align Tier 2 benefits with federal requirements despite concerns over Chicago's $36 billion unfunded pension liability.
- On August 1, 2025, Governor JB Pritzker signed House Bill 3657, amending the Chicago Police and Chicago Firefighter Articles of the Illinois Pension Code, which took effect immediately.
- Supporters such as Sen. Robert Martwick said the changes ensure benefit parity and, according to the bill’s sponsor and Pritzker, were needed to meet federal Social Security law requirements.
- A City of Chicago actuarial analysis found the change would increase pension liabilities by over $11 billion and cut funding levels to less than 18%, CFO Jill Jaworski warned.
- Taxpayers now face higher bills amid a strained budget cycle, as Mayor Brandon Johnson’s office called it an 'unfunded mandate' after the law's signing.
- Projections show Chicago must find an extra $60 million in 2027, with costs potentially exceeding $753 million by 2055.
Insights by Ground AI
Does this summary seem wrong?
11 Articles
11 Articles
Coverage Details
Total News Sources11
Leaning Left2Leaning Right3Center2Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 29%
C 29%
R 43%
Factuality
To view factuality data please Upgrade to Premium
