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 QILDRO Court Order  Cook County Pension Fund 2014

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Our team proposes to make the CEA bf solvent and preserve the pension benefits of county workers who serve the residents of according to the AGO calculations the plan is currently underfunded by nine point three billion dollars this represents a funding level of approximately 58% we have been thoughtful in our discussions sensitive to the financial political and legislative difficulties with each idea and their cumulative impact we contend the current form of the plan and its benefit calculations are not sustainable defaulting on the plan is not acceptable we focused on reducing the structural liabilities through cuts and benefits and a modest increase in property taxes to share the burden in solving this problem it is necessary that both employees of the county and property owners are involved in the solution to this puzzle our proposals work to keep the plan viable based on five practical plans to strengthen the fund our goal is to create a pension system that correlates to rEval mar

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