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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.
Some local governments do not offer defined-benefit pensions but may offer a defined contribution plan. In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS).
The GS-1 through GS-7 range generally marks entry-level positions, while mid-level positions are in the GS-8 to GS-12 range and top-level positions (senior managers, high-level technical specialists, or physicians) are in the GS-13 to GS-15 range.
Can We Stop Public Employees from Retiring and Getting Rehired? One lawmaker tries to curb the "second-career subsidy" common in government work.
Illinois ranked 39 in a new study that compared U.S. states on a variety of factors ranging from veterans per capita to the number of Veterans Administration health facilities to job opportunities ...
Uncle Sam gives working folks 50 and older the chance to contribute a little bit extra to qualified retirement accounts like 401(k)s, 403(b)s, and IRAs.
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.
From 2016 to 2021, the academy repeatedly failed to send tens of thousands of dollars in contributions to employees' retirement accounts promptly, the lawsuit said.
In 2013, Illinois passed a pension reform bill which reduced retiree cost of living increases, raised retirement ages, limited pensionable salary, lowered the amounts current employees contribute, set up voluntary 401 (k)s and guaranteed the state makes contributions on time.
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.