‘Sweeteners’ leave sour taste in pension talks
Extra costs will hit taxpayers sooner or later
One of the stumbling blocks to pension reform is the cost shift that worries many legislators.
In the current system, the state pays the pensions of educators in the state’s school districts. The exception is in Chicago, where districts handle ongoing pension payments.
A modified form of the cost shift is included in a recent, bipartisan House bill. Those who oppose the cost shift say it will increase property taxes, which is already occurring in many districts.
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