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flag Pritzker aims to fully fund Illinois pensions by 2048, adjusting benefits and redirecting surpluses, as funding remains at 47.8% with $143.5B in liabilities.

flag Governor JB Pritzker is pushing to fully fund Illinois’ pension systems by 2048, exceeding the legal 90% target by 2045. flag His plan includes adjusting benefit calculations to match Social Security, redirecting tax refund surpluses and bond repayment savings to pensions, and extending a pension buyout program. flag Despite a House committee vote on a related Tier 2 reform bill, no comprehensive legislation has passed. flag As of November 2025, pension systems are 47.8% funded, with an unfunded liability of $143.5 billion—its first decline in four years. flag GOP gubernatorial candidates are criticizing Pritzker’s fiscal approach, citing rising state spending and taxes.

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