State Senator Tony Munoz voted on legislation that would help to solve the pension crisis facing the state of Illinois.
“Unfortunately, the pension funds have never been adequately funded,” Munoz said. “Currently, Illinois has to make increased payments to ensure the funds can continue to support retirees. This proposal will provide some stability of the pension systems for future generations.”
Senate Bill 2404, a product of negotiations between public employees unions and the Senate President, is not only a cost savings measure, but is also fair to current and future retirees.