Task force recommends merging 649 local pension funds
Task force recommends merging 649 local pension funds
A task force Democratic Gov. J.B. Pritzker formed in February is recommending the state consolidate 649 suburban and downstate police and firefighter pension funds into just two, saying the move would generate billions of dollars in additional earnings over the next 20 years while cutting administrative costs. But it stopped short of recommending consolidation of other state retirement funds.
Lawmakers call for probe of College Board data sales
Nine Democratic lawmakers are calling on Illinois Attorney General Kwame Raoul to investigate the business practices of the College Board and sale of data it collects from students who take the SAT and PSAT exams. The action comes about a week before high school students throughout the state are due to take the PSAT, which among other things is used to determine eligibility for National Merit...