Mayors across the state of Illinois are urging legislators to overhaul police and fire pension plans to alleviate the financial burden on local governments.

At a news conference in the capital of Springfield Monday, several mayors spoke of how rising pensions costs are forcing cutbacks in essential services.

"The police and fire pension obligations are enormous," said Du Quoin mayor Rex Duncan.  "We are about at half of where we should be in terms of what we have paid into those funds. These are the struggles that every mayor in every community and every city council is having to deal with today."

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
NOT FOR REPRINT

© 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.