December 3, 2013

Statement from Mayor Rahm Emanuel on Illinois Pension Reform Passage

Mayor's Press Office    312.744.3334

"Today, the Illinois General Assembly cleared a major hurdle by passing pension reform for the state's four retirement systems. Now state workers will have the certainty that pensions they paid into and are counting on will be there for them when they retire, and taxpayers can feel confident that they won’t have to shoulder the burden alone. However, the work is far from finished. The pension crisis is not truly solved until relief is brought to Chicago and all of the other local governments across our state that are standing on the brink of a fiscal cliff because of our pension liabilities.  Without providing the same relief to local governments, we know that taxpayers, employees, and the future of our state and local economies will remain at risk."