State government employees now have a few more years to take advantage of a pension buyout program.
The current buyout plan is being extended thanks to a new state law says Governor JB Pritzker.
“The legislation I’ll sign today extends the window for state employees, university workers and educators to take advantage of early access to the pension savings through fiscal year 2026. That means at least 4 more years of cost savings for tax payers.”
More than 4500 people have already taken advantage of the buyout offer.
