Illinois Policy Institute http://wuis.org en Springfield Pension Problem Worst in State According to Think-Tank http://wuis.org/post/springfield-pension-problem-worst-state-according-think-tank <p>A conservative think tank recommends the City of Springfield switch its employee pension system to a 401K style plan rather than a defined benefit.</p><blockquote><p>"First and foremost you need to make sure the data is pure." -- Budget Director William McCarty</p></blockquote><p>The&nbsp;Illinois Policy Institute presented aldermen data that indicate the city of Springfield has the worst funded pension system among larger cities in the state.</p> Wed, 26 Feb 2014 17:30:49 +0000 Lee Strubinger 19740 at http://wuis.org Springfield Pension Problem Worst in State According to Think-Tank