Illinois Supreme Court Upholds Landmark Law for Consolidated Police and Firefighter Pension Funds, Rejecting Claims of Constitutional Violation
SPRINGFIELD, Illinois – The Illinois Supreme Court has upheld a law that consolidated hundreds of suburban and downstate police and firefighter pension funds in a unanimous decision. The court rejected the argument that the new law violated the state constitution’s pension protection clause by diluting the participants’ role in electing representatives to make investment decisions. The law, signed by Gov. J.B. Pritzker in 2019, aimed to bring greater financial stability to the roughly 650 local …