A pension taskforce says that Illinois downstate police and fire pensions are leaving millions of dollars of lost returns on the table and the 649 individual funds should be consolidated into just two. Democrat Governor JB Pritzker announced the task forces’ findings today and says now is the time to stop small funds from losing even more money.

The task force pegs the lost returns at a million dollars a day. And says if the funds were brought together they could generate a billion to two billion in new gains over the next five years.

Any move to consolidate the funds needs to be approved by lawmakers.