Illinois Governor Signs Chicago Firefighters' Pension Bill into Law
Illinois Governor Signs Chicago Firefighters’ Pension Bill into Law Critics say it will more than double the city’s annual pension costs to $30 million. Illinois Gov. J.B. Pritzker has signed into law legislation that increases benefits to the Chicago firefighters’ pension fund, despite calls for him to veto the bill by fellow Democrats and business leaders. “I’ve always believed that hardworking men and women who have earned their pension shouldn’t pay the price for local or state budget challenges,” Pritzker said in a statement. “HB 2451 creates a system that gives all fir...