This partial pension patch looks likely to be renewed – Crain’s*

Pending in the House—and on a “short debate” fast track to passage—is a measure sponsored by Rep. Bob Morgan, D-Highwood, that would renew a pilot program in which retirees covered by Illinois’ four big retirement funds can cash out early, taking a lump sum up front in lieu of either their entire pension or, more typically, annual guaranteed 3% compounded cost of living increases.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE