Northfield: Employee Pensions Not Inflated
The village responds to a Chicago Tribune probe into suburban pension funds by describing its efforts to keep retirement benefits honest.
In response to the recent Chicago Tribune investigation into Illinois municipalities' pension-fund padding, Northfield Village Manager Stacy Sigman said the town is not inflating its employee retirement packages, at Tuesday's Committee of the Whole meeting. Shortly after the Tribune article came out on Sept. 17, Sigman wrote a white paper detailing how the village avoids padding its workers' pensions, and in turn, avoiding burdening local taxpayers, who pay village employees' salaries. "This community has been very fiscally responsible," Sigman told the board. The article specifically called out Glencoe, Joliet, Evanston, Bellwood and Naperville as suburban communities that have allowed employees to legally pad their pensions with …
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