Emergency services have been cut in Peoria because public pension costs are growing. Voters will be asked whether a property tax hike should fix the problem.
Fired Chicago Police superintendent receiving nearly $200K pension
Eddie Johnson was fired before his scheduled retirement after he was found asleep behind the wheel. He blamed medication. Video showed him drinking.
Illinois pensions 101: Paltry contributions yield million-dollar payouts
Across all five state retirement systems, typical career workers pay for about 5% of the cost of their pension benefits. They receive an average of $1.7 million to $3.6 million.
Oak Lawn credit rating hits junk status amid skyrocketing pension costs
Massive increases in public safety pension contributions have failed to keep Oak Lawn’s credit from being downgraded to junk status. The Chicago suburb’s leaders are fighting cuts and tax increases, which are inevitable without pension reform in Springfield.
Illinois lawmakers pass pension sweeteners without knowing the cost
Illinois has nation’s worst pension debt. Maybe that’s because state lawmakers take a problem they aren’t sure exists, apply a solution they don’t know will work and never determine the cost.