Local officials seek pension relief from Illinois statehouse
The Illinois State Capitol in Springfield SPRINGFIELD (The Center Square) – Local officials are urging the Illinois state government to assist in addressing local pension deficits. Chicago has the highest unfunded pension liabilities in Illinois Chicago owes nearly $34 billion in unfunded pension liabilities for public safety workers like police, firefighters, and other city positions. Mayor Lori Lightfoot spoke at the City Club of Chicago last week and discussed what she characterized as the city's strides in devoting tax dollars to pay […]
