Civic Federation Supports Treasurer Giannoulias' Proposal to Consolidate the Investment Activities of the Five Illinois Pension Boards

The Civic Federation supports Illinois Treasurer Alexi Giannoulias' proposal to merge the investment functions of all five state-funded pension systems into a single fund managed by a new Illinois Public Employees' Retirement System (ILPERS). The Federation is pleased that financial training requirements and transparency measures have been included in the Treasurer's proposal.