The cost of funding fire fighter pensions in municipalities is growing faster than inflation. The president of the Illinois Fire Fighters Association, the Peoria fire fighters union president and an actuary discuss the funding issue for the 297 fire fighter pensions in Illinois. They offer potential changes that could relieve some of the financial pressure on municipal governments.
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.