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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.
The Illinois Freedom of Information Act (FOIA / ˈ f ɔɪ j ə / FOY-yə), 5 ILCS 140/1 et seq., is an Illinois statute that grants to all persons the right to copy and inspect public records in the state.
The state and the nation's largest union of public employees will head to court over an arbitrator's decision that Illinois Gov. Bruce Rauner was within his rights to order the layoffs of more than 150 state workers last year. [10] The state filed a suit before a Sangamon County, Illinois judge to uphold the arbitrator's ruling. AFSCME Council ...
In 2023, the state paid its more than 124,000 workers a cumulative salary of more than $6.4 billion, according to data from the Illinois Comptroller's office. Here are the top 10 paid state ...
Changes from the “Tier I” pension law include raising the minimum eligibility to draw a retirement benefit to age 67 with 10 years of service, initiating a cap on the salaries used to calculate retirement benefits, and limiting cost-of-living annuity adjustments to the lesser of 3 percent or half of the annual increase in the Consumer Price ...
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.
A policyholder (or policy holder) is the person who owns the insurance policy. Policyholders affect how much the car insurance costs and, in most cases, the policyholder is the only person who can ...
The Illinois Labor Relations Board (ILRB) is a State agency that administers the Illinois Public Labor Relations Act, the Act that governs relations between Illinois public-sector departments, agencies and offices on the one hand, and public-sector employees on the other. [1]