CHICAGO–(ENEWSPF)–November 7, 2013.
“I applaud the General Assembly, Speaker Madigan, and President Cullerton for passing this important legislation that delivers an honest solution to a problem that has been decades in the making. This legislation reflects a balanced approach of reform and revenue, giving employees, retirees, and taxpayers the security and certainty they deserve, but that has long been missing. Taxpayers can feel confident in a long term plan that does not rely on them to shoulder the burden alone, and parks employees now know the pensions they have paid into – and are counting on – will be there for them and their families in their retirement.”
Source: cityofchicago.org