by admin | Feb 1, 2020 | legislation, pension fund, pension fund trustees, police pension, politics, public pension consolidation
We’ve received the following notice from John T. Michell of Mitchell, Vaught & Taylor, Inc: Taking Next Major Step Toward Pension Consolidation, Gov. Pritzker Appoints 18 Members to Interim Police and Fire Investment Fund Boards Taking the next major step...
by admin | Jan 19, 2020 | firefighter pension, legislation, pension fund, pension fund trustees, police pension, politics, public pension consolidation
Reimer & Dobrovolny PC, a Public Safety Law Firm, share the Public Act 101-0610 Short Summary document regarding the Consolidation of Fund’s Investment Assets. Click the button below to download the document. Download the...
by admin | Jan 19, 2020 | firefighter pension, legislation, public pension consolidation
An opinion was filed January 17, 2020 in the Appellate Court of Illinois in the case Village of Buffalo Grove v. Board of Trustees of the Buffalo Grove Firefighters’ Pension Fund. The Opinion stated, “The defendant the Board of Trustees of the Buffalo...
by admin | Dec 28, 2019 | firefighter pension, pension fund, pension fund trustees, police pension, public pension consolidation
You may have missed this latest news regarding Illinois public pensions: The Village of Oak Lawn has had its credit rating downgraded to “junk” status as of Dec. 23, 2019. The Bond Buyer reports that this recent move now leaves the village open to the...
by admin | Nov 25, 2019 | firefighter pension, legislation, pension fund, pension fund trustees, police pension, politics, public pension consolidation
John T. Mitchell, President of Mitchell, Vaught & Taylor Investment Advisors, Inc., penned an excellent summation of how consolidation will work in Illinois. Please read his notes regarding this situation below: As you probably already know, SB1300 (the police and...
by admin | Nov 24, 2019 | firefighter pension, legislation, pension fund, police pension, politics, public pension consolidation
On November 14, 2019, Forbes contributor Elizabeth Bauer released a new article regarding the Illinois public pension consolidation. In her article “Counting Chickens Before They’re Hatched: Will Illinois Botch Pension Consolidation?”, Bauer writes that while normally...
by admin | Nov 14, 2019 | firefighter pension, legislation, pension fund, police pension, politics, public pension consolidation
John T. Mitchell of MVT Investments shared the following email message sent Nov. 13, 2019 regarding legislation about public pension consolidation: Up to 677 witness slips opposed and 18 in favor. Under the Committee rules only 445 will be registered as the other 200...
by admin | Nov 12, 2019 | firefighter pension, legislation, pension fund, police pension, public pension consolidation
On Tuesday, November 12, the Illinois Fraternal Order of Police (FOP) Labor Council issued a statement on their website. The statement can be read below: Consolidation Our Way! Your voices have been heard regarding the proposed consolidation of downstate municipal...
by admin | Oct 21, 2019 | firefighter pension, legislation, pension fund, police pension, politics, public pension consolidation
Last week, the governor of Illinois announced that a consolidation of police & fire pension funds will be introduced for legislators to approve during the upcoming short veto session. The problem is, there are no solid plans to implement consolidation. Moreover,...
by admin | Oct 2, 2019 | firefighter pension, legislation, pension fund, police pension, politics, public pension consolidation
IPPAC has learned Governor Pritzer’s Commission on Pension Reform has almost finished their work with their report due to be released in October. It is anticipated the proposed legislation, written by the Governor’s office, will accompany the report. The expected...
