2010-320 RESOLUTION NO. 2010 - 32 9
A RESOLUTION URGING THE ILLINOIS GENERAL ASSEMBLY
TO CONSIDER REASONABLE PUBLIC PENSION REFORMS
WHEREAS, Illinois public pension programs for municipal employees are facing uncertainty and local governments
are in the midst of financial crisis, and
WHEREAS, the Illinois General Assembly has continued to add to the growing costs of locally managed pension
funds through increasing benefits without providing additional revenue; and
WHEREAS, the actuarially determined contribution for the Village of Buffalo Grove combined pension obligations
has increased by $1,621,032 or 41.7% since 2006; and
WHEREAS, the State legislature passed certain reforms last Spring which related to certain public employees but
failed to include any reforms relating to public safety employees despite the fact that the legislature determines the benefits
but municipalities must fund them through tax increases or service cuts
WHEREAS, the steadily escalating pension costs have created a fiscal crisis that is consuming an ever increasing
portion of the Village of Buffalo Grove's municipal budget; and
WHEREAS, the Village of Buffalo Grove which represents over 44,000 residents, has recorded its formal urging to
the Illinois General Assembly to consider reasonable public pension reforms by Resolution 2008 -7 (March 3, 2008); and
WHEREAS, without both immediate and long -term legislative relief from these escalating pension costs, the Village
of Buffalo Grove and many other communities across the state are faced with decisions regarding budget cuts that reduce or
eliminate vital services.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS AS FOLLOWS:
1. The Village of Buffalo Grove strongly urges the Illinois General Assembly to reform public pensions for public
safety personnel in accordance with the recommendations of the Northwest Municipal Conference and Pension
Fairness Coalition for Illinois Communities to create a stable and manageable public pension program for public
safety employees and protect the interests of Buffalo Grove taxpayers; and to take prompt action on same during the
veto session in November 2010 so that municipalities will be able to take such reform into account as they plan their
budgets for the coming year;and
2. The Village Clerk is hereby authorized and directed to publish this resolution and to forward to State leaders and
legislators.
AYES: 5 — Braiman, Berman, Trilling, Stone, Sussman
NAYES: 0 — None
ABSENT: 1 —Glover
PASSED: October 4, 2010. APPROVED: October 4, 2010.
APPROVED:
le� ? � /1: 5; �1�
Vi age President
ATTEST:
Village erk