
Newsmakers
New Illinois Law Authorizes $1 Billion in Pension Obligation Bonds and Extends Buyout Option
The law is the latest in a series of legislative moves to improve struggling Illinois pensions.
The state, facing a big shortfall in its own retirement programs, tries to eke out savings from municipal plans.
J.B. Pritzker claims a statewide pension consolidation would hurt the state’s credit rating.