Our local heroes and municipalities deserve financial security.

Send an email to your legislators now and let them know that you support common-sense pension reform that protects local police officers and firefighters, as well as the well-being of Illinois’ communities. Commissioned by Governor JB Pritzker, the Pension Consolidation Feasibility Task Force’s recent report calls for the consolidation of the state’s more than 650 individual downstate and suburban public safety pension systems. By consolidating the investments of these funds into two downstate funds – one for police officers and one for firefighters - we will be able to ensure that the financial promises made to the brave public servants who protect our communities are sustainable while also providing financial relief to taxpayers. The General Assembly must take action during veto session and pass this proposal into law.

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The Problem

Communities across Illinois are facing an urgent pension funding crisis within their police and firefighter pension funds. With many communities’ pension systems massively underfunded, retirees face uncertainty and taxpayers continue to see tax increases and the potential for public safety service reductions. Illinois currently has more than 650 individual downstate and suburban police and firefighter pension funds, resulting in redundant administrative costs. Making matters worse, smaller individual funds historically produce lower returns for pensioners.

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The Solution

The solution put forward by the Governor’s Pension Consolidation Feasibility Task Force calls on lawmakers to pass legislation that would consolidate the investments of Illinois’ downstate and suburban police and firefighter pension funds into two separate funds, one for police officers and one for firefighters. This would provide many benefits to our police officers and firefighters, as well as taxpayers and municipalities across the state, including higher funding ratios, more diverse investment portfolios and long-term taxpayer savings. Further, the proposal outlined by the task force would allow local pension boards to maintain all other authority such as pension awards and disability determinations.