Why Does Local Police And Fire Pension Consolidation Matter For Illinois?

View of Peoria’s river front Getty Last week Thursday, the Illinois Pension Consolidation Feasibility Task Force released its report recommending the consolidation of the investment funds for the 650-odd local police and fire pension plans, but declining to propose consolidation of the administration of these plans, merely suggesting that this might be a topic for future consideration, and justifying the retention of local administration by local administrators’ “more nuanced information guiding the prevailing decision to offer certain benefits in unique cases.” More skeptical voices, however, believe the silence on administrative consolidation is to avoid conflict with the folks who make money off the 650 plans, for example, those who profit off of the training of all those administrators.