Illinois Finalizes Move to Consolidate 650 Pensions
Illinois Gov. J.B. Pritzker signed a measure to consolidate 649 distinct public pension funds throughout the state in what he’s calling a “monumental accomplishment.”
The governor issued a task force earlier this year to study the benefits and feasibility of pulling off such a feat. The task force concluded that by remaining partitioned entities, the pensions were missing out on potential for investment opportunities and operational efficiencies.
“This [assembly] has achieved...