The Illinois Supreme Court is poised to hear a challenge to the state’s law consolidating police and firefighter pension funds. The law consolidating first responder pensions outside of Chicago was enacted in 2019 by Gov. J.B. Pritzker. Last year in a meeting with the Associated Fire Fighters of Illinois, Pritzker said it was a hard fight that had taken decades to come together.
More than a dozen of the hundreds of funds have not consolidated, arguing in court the consolidation takes away local board voting rights for control of the funds. The Illinois Municipal League said it believes the law will be upheld and will eventually yield better financial results for both pension beneficiaries and taxpayers.
Story from Illinois Radio Network
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