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  2. Illinois quick hits: Illinois public pension debt grows - AOL

    www.aol.com/news/illinois-quick-hits-illinois...

    Illinois public pension debt grows Illinoispension situation is getting worse. The Commission on Government Forecasting and Accountability reports the total unfunded liability is 46% with a ...

  3. Illinois quick hits: Illinois pension liability 2nd worst in U.S.

    www.aol.com/illinois-quick-hits-illinois-pension...

    Behind only Connecticut, Fitch pegs Illinois’ unfunded pension liability and other post employment benefits at $206.5 billion, taking up 22.8% of the state’s personal income. Tool company to ...

  4. 'We need help': Rising pension costs, end of Illinois grocery ...

    www.aol.com/help-rising-pension-costs-end...

    Between now and 2040, Peoria owes, roughly, $360 million in public safety pension payments due to a state mandate that police and fire pensions be 90% funded by 2040.

  5. Public employee pension plans in the United States - Wikipedia

    en.wikipedia.org/wiki/Public_employee_pension...

    Pension benefits are primarily designed to favor workers who work a full career (typically at least 25 years of service), which account for approximately 24% of state-level public workers. In a study of 335 statewide retirement plans, Equable Institute found that 74.1% of pension plans in the US served this group of workers well.

  6. Teachers' Retirement System of the State of Illinois - Wikipedia

    en.wikipedia.org/wiki/Teachers'_Retirement_System...

    Active members are full-time, part-time, and substitute Illinois public school personnel employed outside the city of Chicago in positions requiring licensure by the Illinois State Board of Education. Persons employed in certain state agencies and statewide or national organizations related to education are also active TRS members.

  7. Illinois Municipal Retirement Fund - Wikipedia

    en.wikipedia.org/wiki/Illinois_Municipal...

    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.

  8. Push underway to reform Illinois’ Tier II pension with $5 ...

    www.aol.com/news/push-underway-reform-illinois...

    (The Center Square) – The push is on for Illinois legislators to advance some form of pension reform to address what proponents say are shortfalls in Tier II pensions. Illinois implemented Tier ...

  9. Illinois pension crisis - Wikipedia

    en.wikipedia.org/wiki/Illinois_pension_crisis

    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]