James McNamee, president of the Illinois Public Pension Fund Association and a critic of pension consolidation, joins “Chicago Tonight.” We were unable to find a member of the task force available to join the show. We also invited the Pritzker administration to send someone supportive of consolidation. A spokesperson said they, too, were unable to find anyone.
Can Illinois Save $1M a Day by Consolidating Pension Funds? Governor Says Yes.
Consolidating scores of local firefighter and police pension funds could save Illinois taxpayers between $820 million and $2.5 billion in the next five years, according to a report published Thursday by a state task force that’s been studying the issue since January.
The IPPFA supports implementation of enhanced investment authority and a reliable actuarial methodology. Both of these improvements promote fund stability and taxpayer savings.