On December 18, 2019, Governor Pritzker signed Public Act 101-0610, consolidating the investments of Article 4 pension funds. The Board formed by the legislation has a temporary website ifpif.org providing much information about the actions of the Board.
The information below is from the 2019 legislative session.
Many bills have been introduced that will have an impact on the Article 4 Pensions. We will attempt to post important information here.
The documents directly below deal with the pension consolidation efforts, specifically originated in the Fall 2019 veto session.
Report from the Pension Consolidation Task Force
IFCA Evaluation of Pension Consolidation Task Force Report
Letter from IFCA to Governor Pritzker
Senate Bill 616 Amendment 1
Page by page review of SB616 A1
Analysis of SB 616 A1 (10/31/19)
Senate Bill 1300 Amendment 5
Page by page review of SB1300A5
Pension Consolidation Recap (11/14/19)