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Gregory Kearney and Joshua Rauh: Illinois’ public schools are caught in the middle of the pension crisis

  • Posted on July 13, 2026
  • By Chicago Tribune
  • 0 Views
  • 1 min read
In brief

Illinois faces mounting pressure on public school budgets due to unsustainable pension obligations. Rather than imposing stricter conditions on new employees through existing Tier II arrangements, education economists advocate for a comprehensive restructuring of the pension system. A hybrid model combining defined benefits with defined contributions could provide financial stability while ensuring competitive compensation for educators, ultimately protecting educational quality and institutional sustainability.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

Gregory Kearney and Joshua Rauh: Illinois’ public schools are caught in the middle of the pension crisis
Gregory Kearney and Joshua Rauh: Illinois’ public schools are caught in the middle of the pension crisis

The answer is not to squeeze new hires more but instead to redesign Tier II in Illinois as a true hybrid.
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Author
Chicago Tribune

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