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Pension debate continues at Statehouse | Alton Daily News

With $300 billion state pension liability, lawmakers approve Tier III plan for one unit of Chicago government

Normal, IL, USA / www.cities929.com Jun 3, 2021 | 11:50 AM (The Center Square) – Before lawmakers left Springfield this week after the end of the spring session, there hasn’t been much wholesale change to shore up the burden on taxpayers from growing public sector pension costs. State Rep. Kelly Burke, D-Evergreen Park, did have one measure for Chicago Park District pensions. House Bill 417 brought a variety of changes, including bonding for paying pensions. “They also create a Tier III for district employees where new employees will pay 11% of their salaries, instead of 9%, into the pension fund,” Burke said. State Rep. Martin McLaughlin supported Burke’s bill, but said it neglects the statewide pension crunch as Democrats continue to pass new spending and new programs.

Capitol Fax com - Your Illinois News Radar » BIG stuff

The state has run out of money for its Business Interruption Grant program, which aimed to help small businesses walloped by COVID-19, and some restaurant operators are not happy. The program launched over the summer, and supplies federal funds from the CARES Act. The Illinois Department of Commerce and Economic Opportunity administered the first round of grants in August, and started distributing a second round in the fall. […] Restaurant operators that were not chosen said they are frustrated with the state. They were encouraged to apply, and some operators said that led them to believe they were likely to receive a grant.

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