STATEMENT FROM MAYOR RAHM EMANUEL ON GOVERNOR QUINN SIGNING CHICAGO PARK DISTRICT PENSION REFORM LEGISLATION

“I applaud Gov. Quinn for signing this important legislation which delivers an honest solution to a problem that has been decades in the making. This new law reflects what is needed — a balanced approach of reform and revenue that gives employees, retirees, and taxpayers the security and certainty they deserve, but that has long been missing. Taxpayers can feel confident in a long term plan that does not rely on them to shoulder the burden alone, and parks employees now know the pensions they have paid into – and are counting on – will be there for them and their families in their retirement.”