Illinois will hire a state actuary to report on pension systems.
Governor Pat Quinn signed legislation today (Mon) requiring an actuary who will monitor the state's five pension systems. It's effective immediately.
The actuary will report to the auditor general.
State Representative Barbara Flynn Currie says it's like having a second set of eyes to look over figures already provided by the systems.
Lawmakers failed to pass bigger reforms that address closing an $83 billion funding gap. But top leaders are trying to work out a compromise.