Published by admin on Wed, 07/10/2019 - 8:00am
One of the points that Gov. JB Pritzker has made since Chicago Mayor Lori Lightfoot began using the news media to ask for a multi-billion dollar state pension bailout is that other parts of Illinois are having the same problems as our largest city.
Rockford is one of them, as the governor noted last week. Its first responder pension funds are in horrible shape for pretty much the same reason as so many others are: The state didn't require local governments to fully fund those particular pension funds, so a large number of locals just didn't do it.