Report: Suburbs Now Face A Pension Crisis

Suburban governments are facing a pension funding crisis that could drive them into bankruptcy, according to mayors who have banded together to change state laws governing police and fire pension systems.

“Cities and villages will go bankrupt if this does not change,” said Palos Hills Mayor Gerald Bennett, among the mayors who stopped by the SouthtownStar editorial offices this week to sound the alarm. To read the rest of Phil Kadner’s story in the Southtown Star, please click here.