Posts Tagged “pension”

Pekau says he won’t take pension benefit

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Pekau says he won’t take pension benefit

Pekau says he won’t take pension benefit The high profile battle for the office of mayor of Orland Park in southwest suburban Chicago is fueled by the board’s decision to give the 23 year incumbent Mayor Dan McLaughlin a massive salary boost and huge pension after only one term in office. The salary and pension spike has…

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IL Supreme Court Halts Chicago Pension Plan

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The Illinois Supreme Court dealt another blow for pension reform advocates on Thursday. This time, the victim was Chicago Mayor Rahm Emanuel, who tried to restore the solvency of two city pension funds. The court found the efforts seeking to cut benefits and increase payment requirements for city employees into their retirement plans to be…

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