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Local governments blast Link pension plan

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Illinois

Sen. Terry Link, D-Waukegan, had been pushing a plan to shore up hundreds of pension funds that cover police and firefighters outside of Chicago, with talk that he might run a bill this week or early next.

But the Link measure did not call for the type of benefit cuts that lawmakers already have approved for some state and Chicago funds and, in fact, would have placed a five-year “moratorium” on any changes. That has steam pouring out of the ears of municipal officials.

* An example of the steam from a press release sent out today by the Pension Fairness for Illinois Communities Coalition…

This proposal is not an “agreement” that brings comprehensive and long-term solutions, but merely window dressing that covers up the real impact on taxpayers and allows the unsustainable public safety pension crisis to continue to spiral out of control.

* Concludes Hinz…

In the face of such opposition, Mr. Link’s bill almost certainly is going nowhere.

posted by Rich Miller
Friday, May 23, 14 @ 1:10 pm

Comments

Not unexpected given Link’s record on deal-making.

Comment by Norseman Friday, May 23, 14 @ 1:20 pm
Lets see the House never participated and neither did all police groups. Why did anyone participate to begin with?

Comment by Anonymous Friday, May 23, 14 @ 1:25 pm
Last time Link tried this it all fell apart till McCarthy picked up the pieces, don’t know why anyone would think this would go differently.

Comment by Freddie Razzle Friday, May 23, 14 @ 1:43 pm
Rich- I think you meant “concludes Hinz” at the end, not “Hynes”

Comment by low level Friday, May 23, 14 @ 2:25 pm
On the verge again.

Comment by Walker Friday, May 23, 14 @ 3:21 pm

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