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The Illinois Municipal Retirement Fund (or IMRF) is the second largest and best-funded public pension system in Illinois. Since 1941, has partnered with local units of government to provide retirement, disability and death benefits for public employees. With a funded status of about 98 percent and more than $50 billion in assets, IMRF is well ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 10 October 2024. "Cities in Illinois" redirects here. For unincorporated communities, see List of unincorporated communities in Illinois. For CDPs, see List of census-designated places in Illinois. Map of the United States with Illinois highlighted Illinois is a state located in the Midwestern United ...
This list of largest pension funds in the United States involves two main groups: ... Illinois Teachers: $49,863 $49,863 39.8% 7.5% 26 Missouri Public School:
At $153,835, Hupe's pension exceeded the state governor's salary. His employer, the Worth Township Board of School Trustees, reported to the Illinois Municipal Retirement Fund that Hupe took home an extra $302,000 above his salary between 1998 and 2002. Hupe claimed that the additional payments were in lieu of unused annual leave.
The Illinois pension crisis refers to the rising gap between the pension benefits owed to eligible state employees and the amount of funding set aside by the state to make these future pension payments. As of 2020, the size of Illinois' pension obligation is $237B, but the state's pension funds have only $96B available for payouts to retirees. [1]
The Illinois General Assembly created the Teachers’ Retirement System of the State of Illinois (TRS or the System) in 1939 for the purpose of providing retirement annuities, and disability and survivor benefits for educators employed in public schools outside the city of Chicago. The System's enabling legislation is in the Illinois Pension ...
The State Universities Retirement System, or SURS, is an agency in the U.S. state of Illinois government that administers retirement, disability, death, and survivor benefits to eligible SURS participants and annuitants. Membership in SURS is attained through employment with 61 employing agencies, [1] including public universities, community ...
The current spelling form, Illinois, began to appear in the early 1670s, when French colonists had settled in the western area. The Illinois's name for themselves, as attested in all three of the French missionary-period dictionaries of Illinois, was Inoka, of unknown meaning and unrelated to the other terms. [16] [17]