Illinois’ top court upholds consolidation of police, firefighters’ pension funds

2024-01-23T13:51:53-08:00January 19th, 2024|Categories: Pension Reform|Tags: , , |

By Rob Kozlowski Source: Pensions & Investments The Illinois Supreme Court has affirmed the constitutionality of two new consolidated investment funds combining the assets of the state's municipal police and firefighters' pension funds. The court released its opinion on Jan. 19, and the decision appears likely to end a multiyear battle that followed Illinois Gov. J.B. Pritzker's signing of legislation in 2019 that consolidated the state's municipal police and fire pension plans based outside the city of Chicago into [...]