From The Desk Down State
October 23, 2019
During the upcoming fall veto session, during which we generally take action on bills vetoed by the Governor, Illinois lawmakers could also be asked to consider a proposal to consolidate suburban and downstate pension plans.
The fall veto session is scheduled for October 28-30, and November 12-14.
The recent proposal to consolidate about 650 suburban and downstate police and fire pension plans is already generating debate.
Proponents say consolidating the funds will generate greater returns at lower costs. More assets to invest have the potential to achieve greater returns. Consolidating t...