GOVERNOR J-B PRITZKER IS APPLAUDING PASSAGE OF PENSION CONSOLIDATION LEGISLATION. 

THE CONSOLIDATION OF ILLINOIS’ 649 SEPARATE DOWNSTATE AND SUBURBAN POLICE AND FIRE PENSION SYSTEMS INTO JUST TWO HAS BEEN A LONG TIME COMING. IT WILL ALSO BE A WELCOME RELIEF TO MUNICIPALITIES SAYS GOVERNOR PRITZKER.

THE GOVERNOR SAYS COMBINING THE LOCAL SYSTEMS WILL HELP GENERATE GREATER INVESTMENT RETURNS AND REDUCE ADMINISTRATIVE COSTS.

IT’S ESTIMATED THAT BY CONSOLIDATING THE PENSION SYSTEMS…INVESTMENT RETURNS WILL INCREASE BY 800 MILLION TO TWO POINT FIVE BILLION DOLLARS OVER THE NEXT FIVE YEARS.