From Skepticism to Savings: Suburban Pension Consolidation Helps Ease Burden for Illinois Taxpayers – WTTW (Chicago)

Four years into consolidated management, funding for fire pensions improved 11 percent to 67.13 percent, according to records from the Illinois Department of Insurance. Police pensions were more than 63 percent funded in aggregate, improving about 8 percent over a similar time period, records show.
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mqyl
5 months ago

Savings compared to what? It’s like comparing the bottom of the ocean to a few feet above it.

Leaving Soon, just not soon enough
5 months ago

The pension system is a complete economic disaster for the taxpayers. The numbers are so high that taxes have to keep going up, up and away.

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