Illinois Municipal League proposes legislative agenda ‘Moving Cities Forward’ – WGEM (Quincy)

One item is to allow downstate cities to bring down their police and firefighter pension annual liability payments. They currently have to pay 90%of their actuarial liability payments by the end of Municipal Fiscal Year 2040. A bill would extend that payment schedule until the end of MFY 2050. “This would provide immediately relief to and our taxpayers who continue to face increasing pension payments,” said Champaign Mayor Deborah Frank Feinen.