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  2. 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]

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

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

    Public employee pension plans in the United States. In the United States, public sector pensions are offered at the federal, state, and local levels of government. They are available to most, but not all, public sector employees. These employer contributions to these plans typically vest after some period of time, e.g. 5 years of service.

  4. State Universities Retirement System - Wikipedia

    en.wikipedia.org/wiki/State_Universities...

    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 ...

  5. Can We Stop Public Employees from Retiring and Getting ...

    patch.com/illinois/montgomery/ending-the...

    Can We Stop Public Employees from Retiring and Getting Rehired? - Montgomery, IL - One lawmaker tries to curb the "second-career subsidy" common in government work. Plus Chicago's financial ...

  6. Over 50 and Behind the Curve for Retirement? It's ... - Patch

    patch.com/illinois/montgomery/over-50-and-behind...

    Written by Chuck Saletta, Daily Finance If you're at least 50 years old and you're feeling behind on your retirement planning, you have an awesome opportunity to catch up. Uncle Sam gives working ...

  7. Judge Orders Old Elmhurst Preschool To Pay Employee ... - Patch

    patch.com/illinois/elmhurst/judge-orders-old...

    ELMHURST, IL – The owner of a now-defunct Elmhurst preschool has yet to comply with a judge's order to pay more than $40,000 to make her employees' health and retirement plans whole, according ...

  8. 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. With a funded status of about 98 percent and more than $50 billion in assets, IMRF is well ...

  9. List of largest pension schemes in the United States - Wikipedia

    en.wikipedia.org/wiki/List_of_largest_pension...

    Teacher Retirement System of Texas: $146,326 $146,326 79.7% 8.0% 7 New York State Teachers: $115,637 $115,637 94.2% 7.5% 8 State of Wisconsin Investment Board: $109,960 $105,155 N/A N/A 9 North Carolina Retirement: $106,946 $96,094 88.3% 7.3% 10 Washington State Investment Board: $104,260 $86,615 85.5% 7.7% 11 Ohio Public Employees Retirement ...

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