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Pension cost hikes pass with little resistance in Illinois
Three pension bills clearing the first chamber would raise local costs. HB 599 broadens Downstate Firefighters Pension survivor benefits to 100 percent of salary, adds 1 percent employee contribution, and allows local tax increases to fund the rise. Critics warn municipalities face higher liabilities and possible service cuts, while HB 5189 broadens sheriff pension credits and raises liabilities by 72 million. HB 4109 targets Cook County Morton Grove to align its benefits with IMRF rules.
MENTIONED IN THIS ARTICLE
Springfield
Chamber of Origin
House
Senate
Ed Crews
Associated Firefighters of Illinois
Tim Blair
Illinois Economic and Fiscal Commission
Joe McCoy
Illinois Municipal League
McCoy
Municipal League
Illinois Municipal Retirement Fund
Blair
IMRF
Bonnie Shadid
Pension Fund
Cook County
Morton Grove