Series: A look at area public pensions
BLOOMINGTON — When money’s tight you’ve got to prioritize. In Bloomington, that means, for now, smoother streets get higher billing than paying off long-term retirement debt.
NORMAL — Retired Normal Fire Chief Jim Watson is living a nearly picture-perfect retirement.
CLINTON — At a time when the state and many municipalities are struggling to fully fund their pension obligations, Clinton’s police pension is above the 100 percent mark and the firefighters’ fund is not far behind.
More than a few private sector employees admit to being envious over the monthly pension checks those in the public sector collect when they retire.
CHICAGO — Dozens of employees of private education-related groups and Special Olympics Illinois are eligible for public pensions because of an Illinois State University decision to label them university employees, according to a report published Sunday.
BLOOMINGTON — A lot of attention has been paid to the Teachers’ Retirement System’s “unfunded liability” in recent years, but TRS spokesman David Urbanek contends focusing only on that number — $43.5 billion — can be misleading.