Tag: Pensions

Government Money

State representative Mark Batinick Buyout advances

On By admin

Thursday, Jan. 20 legislation to authorize additional funding and extend the successful “Batinick Buyout” program for State pensions passed out of the House Personnel & Pensions Committee. House Bill 4292, of which representative Mark Batinick (R-Plainfield) is a chief co-sponsor, was passed by the committee with unanimous support. “I’m happy...

This content is for 30 Day Free Trial, 3 Months for 99 Cents, and One Year Subscription subscribers only.
Register
Already a member? Log in here
Government Money

State law consolidates pensions

On By admin

Governor JB Pritzker signed a pension consolidation bill into law December 18. The legislation, SB1300, will consolidate Illinois’ 649 downstate and suburban police and fire pension funds. By consolidating pension assets, SB1300 will increase investment returns and decrease the cost of managing the funds. State representative Mark Batinick (R-Plainfield) was...

This content is for 30 Day Free Trial, 3 Months for 99 Cents, and One Year Subscription subscribers only.
Register
Already a member? Log in here
Government State

Pension consolidation bill close to State House approval

On By admin

By Peter Hancock A plan to consolidate 649 downstate municipal police and firefighter pension funds into just two unified systems hit an unexpected snag Tuesday, but officials on both sides of the disagreement vowed to continue talking in hopes of reaching an agreement. Just hours before the bill was scheduled...

This content is for 30 Day Free Trial, 3 Months for 99 Cents, and One Year Subscription subscribers only.
Register
Already a member? Log in here