Consolidation of downstate Illinois police pensions

https://ift.tt/2QONzcn

Saturday

Nov 23, 2019 at 9:38 PM Nov 23, 2019 at 9:38 PM

Sometimes, when dedicated people work long enough and hard enough, you can actually solve difficult problems.

The recent action by the Illinois General Assembly regarding the consolidation of downstate Illinois police pension systems is a good example. The original legislation was flawed and could have weakened local pension fund control and retirement security for Illinois’ active and retired law enforcement officers. Law enforcement support group organizations and unions sprang into action and tirelessly worked to make lawmakers aware of the perils contained in the initial proposal.

Lawmakers from both parties and Gov. J.B.  Pritzker’s office took police officers’ concerns to heart and put in a lot of hard work in a short period of time to get the final bill right. This administration addressed the root cause of the pension dilemma rather then resorting to the old so-called “remedy” of simply cutting benefits. The end result will benefit taxpayers and officers alike.

We realize this is the beginning, not the end, of the pension journey. It starts the process of fixing the system, and we look forward to further dialog about correcting the unfair Tier 2 pension benefit formula and lowering administrative costs.

Tim Kobler, board chairman of the Illinois Fraternal Order of Police Labor Council

01-All No Sub,02-Pol,06-RK Email 13,16-Econ,19-Legal,22-Talk,24-ILGA,26-Delivered,E-AFFI

Region: Springfield,Feeds,Letters,Opinion,Region: Central,City: Springfield

via Letters – The State Journal-Register https://ift.tt/2YHrDkw

November 23, 2019 at 09:48PM

Leave a comment