State Passes New Law To Help Monitor Pension System
By: Alex de Leon
Updated: June 18, 2012
Springfield - A new law will help make sure the state's pension system won't spiral out of control a second time.
Gov. Pat Quinn (D) signed Senate Bill 179, which creates a position for a state actuary to oversee the five state-funded pension systems.
The law is meant to increase transparency.
Quinn says it'll help with pension reform and restore integrity in the system.
