Pritzker Extends Pension Buyout Option For State Employees
Governor Pritzker is extending the pension buyout option for state employees to 2026. The governor signed a bill yesterday that authorizes one-billion-dollars in additional funding to extend the buyout program. State employees will now have the opportunity to opt for a pension buyout for an additional two years. Pritzker believes this will reduce the state’s long-term pension obligations and will save taxpayers money for decades.
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