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Constitutional law — Takings Clause- Where a plaintiff invokes the Takings Clause and asserts a constitutional violation over the loss of control over their statutory pension fund, they lack standing as they have no private property rights to the assets in that fund.The 2nd District...
An Illinois appellate court affirmed an earlier court ruling that two new consolidated investment funds are constitutional.
The consolidation of suburban and downstate firefighter pension fund assets is nearly complete but litigation is delaying the police consolidation.
Two new investment funds merging assets of Illinois' municipal police and firefighters pension funds were ruled to be constitutional.