Statement From Mayor Emanuel On Illinois Supreme Court Ruling

"Though disappointing, this ruling does not change my commitment to ensuring employees and retirees have a secure retirement without placing the full burden on Chicago taxpayers. While I believe SB1922 was the right pension reform plan for retirees and taxpayers, my administration will continue...

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Bibliographic Details
Published inChicago Citizen Vol. 51; no. 2
Format Newspaper Article
LanguageEnglish
Published Chicago, Ill Chicago Weekend 30.03.2016
Subjects
Emanuel, Rahm
Mayors
Pension plans
Supreme Court decisions
United States > US
Chicago Illinois
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Summary:"Though disappointing, this ruling does not change my commitment to ensuring employees and retirees have a secure retirement without placing the full burden on Chicago taxpayers. While I believe SB1922 was the right pension reform plan for retirees and taxpayers, my administration will continue to work with our labor partners on a shared path forward that preserves and protects the municipal and laborers' pension funds, while continuing to be fair to Chicago taxpayers and ensuring the City's long-term financial health. "