Pension Reform Passes General Assembly
Just a short post today. The Southern Illinoisan reports that police and firefighter pension reform passed the Illinois Senate. The House passed the bill Tuesday.
The consensus seems to be that the bill makes some improvements but doesn’t go far enough. The Southern Illinoisan quotes Mayor Cole:
“What we get is probably not going to be what we were hoping for,” said Carbondale Mayor Brad Cole, who has served as the lead negotiator for Illinois municipalities in these pension debates. “But the situation is so desperate, that even if we get halfway, it will provide some relief to cities that are going broke, trying to meet these unfunded mandates.”
Mayor Bob Butler of Marion is even less satisfied. From the Southern Illinoisan article:
“The burden on municipalities, the way the legislation is set up now, is intolerable,” Butler said. “Even with revisions, this is still going to be intolerable.”
Personally, I’m surprised the General Assembly was able to pass any pension reform at all. We’ll see in time whether it was enough.
Comments are welcome.