On January 3, 2013 the Chicagoland Chamber of Commerce Board of Directors sent a letter to the Illinois General Assembly urging it to pass comprehensive public pension reform without delay that will right the fiscal standing of the State of Illinois, Cook County, and the City of Chicago:
Dear Members of the General Assembly:
We, the undersigned members of the Chicagoland Chamber of Commerce Board of Directors, call upon you to enact meaningful structural public employee pension reform now. No issue confronting our state is more important due to the devastating economic impact that the current pension system is wreaking on state and local government and the investment climate in Illinois. Each day, we and our peers, both within and outside of Illinois, make investment decisions that have long-term economic effects. These decisions can create jobs and economic vibrancy that will have a multiplier effect on the quality of life in Illinois. Unfortunately, the shadow cast by the economic overhang of the current pension system deters such investments.