A historic plan to consolidate suburban and downstate fire and police pension plans passed the Senate Thursday with bipartisan support from local lawmakers.
Democratic Gov. J.B. Pritzker led the effort and has promised it will save millions in a state where local municipalities are bogged down with pension obligations.
The policy would merge about 650 pension plans, not including Chicago’s, into two statewide systems — one for fire retirees and one for police.
Pritzker still must sign the legislation.
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