CHICAGO--(ENEWSPF)--March 24, 2016. Editor's Note: The Illinois Supreme Court unanimously decided today to overturn Mayor Rahm Emanuel’s plan to save the Municipal Employees and Laborers Pension Funds, on pace to run out of money in eight and 12 years respectively. Emanuel’s comments on the decision follow.
“Though disappointing, this ruling does not change my commitment to ensuring employees and retirees have a secure retirement without placing the full burden on Chicago taxpayers. While I believe SB1922 was the right pension reform plan for retirees and taxpayers, my administration will continue to work with . . .