Breaking News Bar
updated: 1/23/2012 5:19 AM

Preserve solvency of pension funds

hello
Success - Article sent! close
 

We were pleased to read Gov. Pat Quinn's initiative to establish a panel to address Illinois' pension problems. While the panel's primary focus will be placed on the state of Illinois systems that fund the retirements of state and educational employees, we strongly encourage the panel to address public safety pensions, the terms of which are mandated by the General Assembly, but funded by local taxpayers.

The 42 members of the Northwest Municipal Conference, working through the Pension Fairness for Illinois Communities Coalition, have called for meaningful reforms to preserve the solvency of these funds. We stand ready to assist the governor and the panel by offering the perspective of local governments and by providing critical data necessary to create meaningful reforms to pension systems -- reforms that must necessarily include public safety pensions.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

While the pension reforms passed in 2010 addressed only new employees, the core problems with these systems for current employees remain and must be addressed in a way that make pensions and their funding predictable, sustainable and fair for taxpayers, state and local governments, retirees and all public employees. Therefore, we look forward to the work of the panel and urge the governor and the General Assembly to address meaningful pension reforms in the coming legislative session.

Christopher S. Canning

President

Northwest Municipal Conference

Village president, Wilmette

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here