The 2019 consolidation law pooled money from municipal funds to boost investment returns and cut administrative fees. The plaintiffs argued their loss of local control was impairment.
Illinois has paid out millions in pensions to ex-lawmakers who have admitted criminal wrongdoing or are awaiting trial. CHICAGO — Illinois state senator-turned-government mole Terry Link infamously asked “What’s in it for me?” while wearing a wire in a 2019 federal bribery sting that snared a corrupt legislative colleague. Link played the role of undercover