Governor Rauner Vetoes Senate Bill 2437
March 27, 2017 01:09 PM
In an effort to address concerns regarding the long-term solvency of the Laborers’ and Retirement Board Employees’ Annuity and Benefit Fund of Chicago (LABF), House Amendment 3 to Senate Bill 2437 was filed on November 14, 2016 by Representative Barbara Flynn Currie. On December 1, 2016, the Illinois House of Representatives passed House Amendment 6 to Senate Bill 2437. The Illinois Senate passed the amended Bill on January 9, 2017 and it was sent to the governor on January 24, 2017.
On Friday, March 24, 2017, Governor Rauner vetoed Senate Bill 2437 and issued a press release explaining the action he had taken.