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Harvey, pension funds reach deal on dividing up embargoed state money, end court fight over pension funding
Source: The Record Network

In a deal that could set a precedent for other financially struggling municipalities to follow, the city of Harvey has reached a deal with its police and firefighter pension funds to end a court fight over how much of the money Harvey gets from the state of Illinois the city should be allowed to spend on current day-to-day operations, rather than police and fire department retirees’ pensions.

In a deal that could set a precedent for other financially struggling municipalities to follow,  the city of Harvey has reached a deal with its police and firefighter pension funds to end a court fight over how much of the money Harvey gets from the state of Illinois the city should be allowed to spend on current day-to-day operations, rather than police and fire department retirees’ pensions.

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