Thank you for visiting the Illinois Pension Modernization Task Force home page.

The Illinois Pension Modernization Task Force was created by House Joint Resolution 65 of the 96th General Assembly.

It is charged with recommending changes to modernize state pension benefit systems and report its findings to the General Assembly and the Governor by November 1. Comprised of 19 members, 11 of whom (including the Chairperson) are appointed by Governor Quinn and 8 of whom are appointed by legislative leaders, the Task Force is required to hold at least one hearing a month between June and October of 2009.

The Commission on Government Forecasting and Accountability provides staff for the Task Force in conjunction with the Illinois pension systems' actuaries and staff.

To learn more about the Task Force members and duties, visit http://www.appointments.illinois.gov/appointmentsDetail.cfm?id=328

Other Documents

• Addressing the Issues Facing the ILPERS - October 27, 2009
• Funding Subcommittee Memo - October 26, 2009

Public Meetings

8th Open Meeting - Friday, October 2nd, 2009

• Agenda (PDF)
• Agenda for Funding Subcommittees (PDF)
• Labor Coalition Proposals (PDF)
• Pension Handouts (ZIP)

7th Open Meeting - Wednesday, September 16th, 2009

• Agenda (PDF)
• IEA Recommendations (1/2)
• IEA Recommendations (2/2)

6th Open Meeting - Wednesday, August 26th, 2009

• Agenda (PDF)
• Pension Funding Outline (PDF)
• Pension article from Business Week (PDF)
• 95 to 08 unfunded change for JF ver 2 (PDF)
• Agenda for Benefits and Investment Policy Subcommittees (PDF)
• Agenda for Funding Subcommittees (PDF)
• Asset Monetization and Public Pension Funds Presentation (PDF)
• CTBA IL Funding Crisis Presentation (PDF)
• Fact Sheet - IL State Deficit Problems (PDF)

5th Open Meeting - Wednesday, August 12th, 2009

• Agenda (PDF)
• Agenda for Benefits Subcommittee (PDF)
• Agenda for Funding Subcommittee (PDF)


• TRS Member Contribution History 1959-2009 (PDF)
• Pension System Modernization Task Force PPT (PDF)
• Summary of Public School System Finances for Elementary-Secondary Education by State: 2006-07 (PDF)
• Response to Questions from Pension System Modernization Task Force Sub-Committee (PDF)

4th Open Meeting - Wednesday, July 29th, 2009

• Agenda (PDF)

3rd Open Meeting - Friday, July 17th, 2009

• Agenda (PDF)

2nd Open Meeting - Tuesday, July 7th, 2009

• Agenda (PDF)
• Slideshow

1st Open Meeting – Thursday, June 18th, 2009

• Agenda & Materials (PDF)
• Minutes (PDF)
• Listen to the Meeting
• Watch a Video Summary of the Meeting