Governor Vetoes Plan That Would’ve Expanded Police, Fire Pension Transfers
(Springfield, IL) — Illinois lawmakers will have to decide if they want to override the governor on a pension plan that could add more stress to the already fragile police and fire pension programs in Illinois. Governor Rauner last week vetoed a proposal to allow downstate police officers and firefighters to transfer up to six years of credit into their pensions. The governor said many downstate police and fire pension plans are in danger of running out of money. He said adding more stress on to those retirement funds could break them.
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