Illinois passes state law giving pension boost to one Chicago alderman

By Vincent Caruso
11/28/2018
State lawmakers overrode Gov. Rauner’s veto of a bill that allows one former firefighter serving as a Chicago alderman to credit his political salary toward a more lucrative fire pension. The pension boost will also apply to future aldermen with a history of fire department work.

TAGS: Chicago, Chicago City Council, municipal pensions, Nicholas Sposato, pension guarantee, pensions, Robert Martwick

House passes pension boost bill for one Chicago alderman

By Vincent Caruso
11/27/2018
Illinois House members voted to override Gov. Rauner’s veto of a bill that would allow a former firefighter serving as a Chicago aldermen to credit his political salary toward a more lucrative fire pension. While just one alderman now qualifies, the bill could extend the perk to more in the future.

TAGS: 401(k), Anthony Napolitano, Bruce Rauner, municipal pensions, Nicholas Sposato, pension guarantee, pensions, Rahm Emanuel, Robert Martwick