Illinois Policy Institute

Regional
11:30 am
Wed February 26, 2014

Springfield Pension Problem Worst in State According to Think-Tank

Credit illinoispolicy.org

A conservative think tank recommends the City of Springfield switch its employee pension system to a 401K style plan rather than a defined benefit.

"First and foremost you need to make sure the data is pure." -- Budget Director William McCarty

The Illinois Policy Institute presented aldermen data that indicate the city of Springfield has the worst funded pension system among larger cities in the state.

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