The lack of an Illinois budget means public pension systems won't get their state contribution next month. That won't stop retirees from getting their checks.
However, there could still be an impact.
The funds get money from members, the state and in the case of the Teachers Retirement System, school districts.
Dave Urbanek is the TRS spokesman. He says another key is investment income. But some of those investments, like stocks and bonds, might have to be liquidated in order to send out future checks.