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July 24, 2014, 8:01 am
970 WMAY News

Illinois Municipal League: Pension Reform Will Be Difficult


Reforming pensions and benefits is going to be difficult, according to the Illinois Municipal League.

 

Illinois Municipal League Legislative Director Joe McCoy says municipal pension funds are using taxpayers as an ATM.

 

McCoy says he’s hasn’t read a recent Illinois Policy Institute report highlighting the growing unfunded liabilities of public sector pensions like police and fire funds, but he knows the problem isn’t just a Springfield problem, it’s something municipalities across the state are dealing with.

 

McCoy says labor must work with governments to bring a balance before city services take a hit to fund growing pension liabilities.

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