Illinois Supreme Court Upholds Law Consolidating Police, Firefighter Pension Funds

Illinois’ long-term fiscal situation remains plagued by state pension debt built over decades, but a plan designed to assist burdened local pension funds by pooling them can advance, thanks to an Illinois Supreme Court ruling.

In a unanimous opinion published Friday, the court’s seven justices upheld the decisions of lower courts, and found that Illinois can require local pension funds to merge, as ordered in a 2019 law.

Continue reading at www.news.wttw.com

More from The Latest News.