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Per the agreement, Licko will serve as sergeant until Oct. 1, when his retirement takes effect. Find out what's happening in Lisle with free, real-time updates from Patch. Subscribe
Lisle Police Chief Ron Wilke Announces Retirement After 25 Years Wilke, who served as chief since 2020, will leave the post on Feb. 25 and deputy chief Kevin Licko has been recommended as...
By now you probably know the big numbers regarding the Illinois pension crisis: $111 billion: Amount that benefits will exceed assets by 2045 25 percent: Amount of state-generated revenue that...
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.
As of July 2022, unfunded liabilities for statewide plans totaled $1.2 trillion. Statewide retirement systems account for the bulk of unfunded liabilities in the US. State Pension plans account for approximately 88% of all unfunded liabilities of non-federal retirement systems.
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.
Can We Stop Public Employees from Retiring and Getting Rehired? One lawmaker tries to curb the "second-career subsidy" common in government work. Plus Chicago's financial Armageddon and the...
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.
Montgomery County is a county located in the U.S. state of Illinois. According to the 2020 census, it had a population of 28,288. Its county seat is Hillsboro.
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.