News

Illinois Mayors Call on Lawmakers for Fire, Police Pension Relief

Illinois Mayors Call on Lawmakers for Fire, Police Pension Relief

Photo: Newsradio WTAX

A group of Illinois mayors is calling for an overhaul to local pension systems for police and fire departments, but it’s unclear if state lawmakers will take up the issue anytime soon.

No legislation has been drafted and negotiations are in a preliminary stage.

Mayors from communities including Rockford, Aurora, Peoria and several Chicago suburbs spoke Monday. Among the suggested ideas are raising the retirement age and lower annual cost-of-living adjustments.

The mayors say pension problems are “choking local government budgets” and warn some communities will have to raise property taxes or cut services to cover pension obligations.

The effort comes after lawmakers approved legislation overhauling two Chicago pension funds. It hasn’t been signed into law yet.

Pension programs are created by state law, so only legislators can approve changes.

Recent Headlines

8 hours ago in Local

Army Corps Approves Conducting Hunter Lake Study; Council Approves Simpson Appointment

cwlp

An environmental impact study on the city’s proposed Hunter Lake as a backup water supply has been approved by the Army Corps of Engineers to be conducted.

14 hours ago in Local

31st Annual Police Officer Memorial Day Thursday

policememorial

Thursday marks the 31st annual Police Officer Memorial Day.

14 hours ago in Local

Springfield Police Department : Slow Down on the MacArthur Extension

springfield_police_1

Springfield Police say drivers are exceeding the posted speed limit on the MacArthur extension, south of Wabash.

16 hours ago in Local

No Vote Yet on Graduated Tax Proposal

tax

Maybe Wednesday

16 hours ago in Local

More Higher Ed Funding to be Considered

4-20-16 MAP Rally 1

Hundreds of millions of dollars would be going to higher education -- in addition to money they just received -- under an amendment to a spending bill an Illinois Senate committee has approved.