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Gov. Pritzker Announces Path To Full Pension Funding

Pritzker aims to reduce Illinois' $140 billion pension gap by reallocating surplus income tax revenue and expanding the pension buyout program, officials said.

Summary by RiverBender.com
CHICAGO — Governor JB Pritzker reaffirmed his commitment to the core principles he outlined in his FY2025 budget proposal to manage Illinois pension commitments through a set of proposals designed to build on the state’s recent fiscal progress and further reduce long-term risk for taxpayers and retirees. The plans follow steps already taken that have produced Illinois’ strongest pension funded ratio in nearly two decades and reflects a continued…

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The Center Square broke the news in United States on Tuesday, February 3, 2026.
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