Report shows local pension debt continues to balloon as Illinois lawmakers seek solutions – Center Square
Wirepoints President Ted Dabrwoski presented the report Wednesday which looked at various metrics of public safety pension health and local budgets. “Illinois’ top-down, one-size-fits-all pension mandates leave city officials with few options but to raise taxes, slash services or endanger the retirements of city workers,” he said.
Rising costs for Illinois’ 650 local pension funds are wreaking havoc on city budgets, taxpayer wallets and the retirement security of hundreds of thousands of police, firefighter and municipal workers and retirees.