On February 3, 2021, the Police Pension Funds of many local Illinois municipalities among other individuals filed a complain for declaratory, injunctive, and other relief against Illinois Governor J.B. Pritzker, Christopher Meister (Executive Director of the Illinois Finance Committee), Dana Popish Severinghaus (Acting Director of the Illinois Department of Insurance), The Board of Trustees for the Police Officers’ Pension Investment Fund, The Board of Trustees for the Fire Fighters’ Pension Investment Fund, and the Illinois Department of Insurance.
The action filed is intended to protect against the unconstitutional infringement of the rights of the plaintiffs and their constituents. Among the listed reasons for this filing the the statement that, “The Governor and General Assembly, through Public Act 101-0610, have failed to meet their end of the bargain. Through Public Act 101-0610, the Governor and the General Assembly unlawfully usurped the powers previously extended to Plaintiffs pursuant to Section 3-131 and -3-132 of the Pension Code, and now purport to require Plaintiffs to transfer their investment authority, securities, funds, assets and/or monies to the “Police Officers’ Pension Investment Fund” and the “Firefighters’ Pension Investment Fund.”
The plaintiffs request that Public Act 101-0610 is entirely unconstitutional and, so being, it should be rendered void and unenforceable. Moreover, a request for a preliminary injuction has been requested to preserve the status quo while the judgement awaits regarding the unconstitutional nature of the act in question.
More information will be shared as it is received regarding the status of this filing.
Download the entire PDF “Police Fund vs. Pritzker.pdf” by clicking the link below.
Download the PDF
The man hired to oversee the new police pension fund is being [paid $250,000 a year, and came to us from Los Angeles ,CA. He isn’t even an Illinois resident. Everyone knows how dependable Illinois is at overseeing large sums of money, look at all the other funds the state has screwed up. They say this new fund will abide by the regulations outlined in the pension rules, however all it will take is for the legislature to change the rules and they will be able to use the money as they see fit. The rules state that the board members will serve without compensation, but since the meetings will be held in Springfield I can just about guess how austere their room accommodations will be. All this pension fund consolidation is just another money grab by a state and the Democrats that run it, especially the ones from Chicago.