Search results
Results from the WOW.Com Content Network
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 Department of Employment Security (IDES) is the code department [1] [2] of the Illinois state government that administers state unemployment benefits, runs the employment service and Illinois Job Bank, and publishes labor market information. [3] As of 12 January 2015, Jeffrey D. Mays was the Director of Employment Security. [4]
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
Initial filings for unemployment benefits in Illinois rose last week compared with the week prior, the U.S. Department of Labor said Thursday. New jobless claims, a proxy for layoffs, increased to ...
(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 ...
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.
Illinois state employees may be eligible to take part in the state’s retirement system. A retirement system is a pension plan that a state uses to help public employees save for retirement.
The 2d USES was transferred to SSB in newly created FSA by Reorganization Plan No. I of 1939, effective July 1, 1939, and consolidated with Bureau of Unemployment Compensation to form BES (SEE 183.2). [4] It was transferred from BES to War Manpower Commission (WMC) in the Office for Emergency Management by EO 9247, September 17, 1942.