SPRINGFIELD – The Illinois House on Wednesday approved Gov. JB Pritzker’s plan to consolidate hundreds of municipal pension programs to boost investment returns and save administrative costs. The House voted, 96-14, to approve creating two statewide funds – one for police department employees, one for firefighters – out of nearly 650 municipal plans. The Democratic governor contends it would relieve pressure on overburdened pension accounts outside of Cook County.

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Topics:  Illinois   McHenry County   Crystal Lake   
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