Continuing Pension Reform

The DuPage Mayors and Managers Conference recently returned from Springfield where they highlighted priorities for the 2014 legislative session.

Naperville is a part of the group, which is an association of municipalities representing over one million people.

The Mayors and Managers Conference has declared reforming municipal public safety pensions as their number one priority for the 2014 legislative session.

The General Assembly determines pension benefit levels, but they are ultimately the responsibility of the city taxpayers.

The group would like to see a change to the cost of living adjustments that are currently set at three percent compounding, which means a person who retires at 75% of their salary will in ten years be earning more money in their pension than what they were making before retirement.

They also are interested in taking a look at the retirement age for municipal public safety employees that currently sits at 50 years old.

The idea of employee contributions is also on the table, along with changing the administrative structure of the pension system.

We reached out to the City of Naperville and City Manager Doug Krieger to get their input on the group’s priorities, but they declined an interview.

WANT MORE LOCAL NEWS?

Get daily news headlines delivered to your inbox!

Ready for a FUNdraising good time?

Join NCTV17 for Game On Online! on Thursday, October 22 at 7 PM!

cat2array(69) { [0]=> int(3) [1]=> int(8) [2]=> int(14) [3]=> int(20) [4]=> int(25) [5]=> int(30) [6]=> int(13588) [7]=> int(13759) [8]=> int(15) [9]=> int(21) [10]=> int(26) [11]=> int(39) [12]=> int(60) [13]=> int(62) [14]=> int(11961) [15]=> int(12127) [16]=> int(10) [17]=> int(17) [18]=> int(22) [19]=> int(193) [20]=> int(195) [21]=> int(11111) [22]=> int(12126) [23]=> int(13596) [24]=> int(11) [25]=> int(23) [26]=> int(44) [27]=> int(63) [28]=> int(194) [29]=> int(196) [30]=> int(6957) [31]=> int(12128) [32]=> int(19) [33]=> int(24) [34]=> int(27) [35]=> int(28) [36]=> int(36) [37]=> int(4101) [38]=> int(12129) [39]=> int(13774) [40]=> int(13) [41]=> int(18) [42]=> int(1036) [43]=> int(2663) [44]=> int(7053) [45]=> int(1714) [46]=> int(2657) [47]=> int(6494) [48]=> int(13317) [49]=> int(1233) [50]=> int(13595) [51]=> int(54) [52]=> int(1232) [53]=> int(32) [54]=> int(13773) [55]=> int(501) [56]=> int(33) [57]=> int(6733) [58]=> int(58) [59]=> int(38) [60]=> int(2) [61]=> int(375) [62]=> int(13777) [63]=> int(7) [64]=> int(13760) [65]=> int(13763) [66]=> int(42) [67]=> int(4) [68]=> int(5) }