A consolidation bill for municipal fire and police pensions cleared the Illinois House Wednesday.
The measure moves the state’s 649 separate police and fire pension systems into just two…one for police and one for fire.
Representative Jay Hoffman of Belleville says this will really help to prop up the largely underfunded pensions.
Hoffman says this will also greatly reduce administrative costs, since each pension system has their own board. The bill now moves on to the Illinois Senate.
