Breaking News Bar
posted: 2/13/2014 5:00 AM

Pension stories not in line with facts

Success - Article sent! close

Pension stories not in line with facts

The Daily Herald's latest articles (by Griffin and others) on so-called "pension reform" in Illinois reflect your very poor attention to the facts.

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

To begin with, the IMRF is not a state pension program. Instead it is a very financially solid, carefully implemented, retirement system established by municipalities for their hardworking, dedicated, employees and promised to these professionals when they were hired. This commitment includes a modest adjustment, agreed to by the municipalities many years ago in lieu of any COL increases. These well-deserved annual increases are neither "bumps nor spikes" by any comparison and rarely cover the annual cost of living index. Your "Watchdog" occasionally does some good work, but this time he is just chasing a bare bone.

Yes, several state pension programs need reform in my opinion, but not the IMRF. Accordingly, before you publish any more absurd articles, I suggest you contact the IMRF office in Oak Brook for the facts and follow your founder H.C. Paddock's pledge to "? Tell the Truth and?"

Allen Panek


Share this page
  • This article filed under:
  • Discuss
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.