SPRINGFIELD, Ill. (AP) — Chicago Mayor Rahm Emanuel brought his clout and high profile to the public pension debate Tuesday by advocating money-saving changes to city retirement plans and — importantly for Gov. Pat Quinn — shining a light on similar troubles at the state level.
The Democratic mayor appeared with little notice before a House committee to lay out a plan to prevent what he said would be a huge tax increase for Chicago residents if nothing is done.
A year into his first mayoral term after holding leadership posts in Congress and President Barack Obama's White House, it didn't matter that Emanuel only testified on his suggestions for Chicago's six pension systems. His appearance, coupled with a pledge to assist Quinn, however tepid, raise awareness the Democratic governor needs.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
