Illinois Risks Missing Merger Deadline for Local Pension Funds, Delaying Millions in Savings
- June 30 is the statutory deadline for combining assets
- Pending court case, low trust may be holding back transfers
Illinois Governor J.B. Prtizker
Photographer: Scott Olson/Getty Images
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Illinois is at risk of missing a statutory deadline to merge hundreds of local police pension funds, which proponents of the consolidation say could delay millions in savings.
Still, Illinois Governor J.B. Pritzker is sticking to his stance that merging these assets is key to curbing local property tax hikes, he said this week.