Is consolidating the assets of Illinois’ public pension funds a good idea?

Crain’s Chicago Business | Oct 16, 2019 at 5:52 PM
  • On Oct. 10, 2019, the Illinois Pension Consolidation Feasibility Task Force released its report to Gov. J.B.
  • Last, whether the recommendations ultimately saves municipalities and taxpayers money will vary on a case-by-case basis, and depends on a variety of factors, including the investment rate assumption, discussed below.
  • Since municipalities’ annual pension payments are linked to the unfunded liabilities reducing the investment rate assumption increases the required contribution (and vice-versa).