New studies show simple way to improve local pension funds and warn of consolidation pitfalls

CHICAGO – Two new studies focusing on police and fire pension systems in Illinois have shown that much is to be gained by easing a key pension system restriction. The studies, performed for the Illinois Public Pension Fund Association (IPPFA), also show that the consolidation of local funds into one large state entity is risky and offers no real benefit to taxpayers.  

           “These studies tell us that when you ease a single arbitrary restriction on local pension systems,