Cities in Illinois face pension obligations that are straining their budgets. The president of the Illinois Public Pension Fund Association, Peoria Police Pension Fund President and the Peoria City Treasurer discuss two steps that might ease the financial burden. They support legislation to allow more investment options called the prudent person rule and an open amortization system.
About IPPFA
The IPPFA was founded in 1985 as a not-for-profit organization whose mandate was to educate public pension fund trustees. In 2009 the IPPFA became the primary education provider for public pension fund trustees in the state of Illinois. Our members manage over eighteen billion dollars in pension assets.