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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. With a funded status of about 98 percent and more than $50 billion in assets, IMRF is well ...
I-Pass. I-Pass (stylized as I-PASS) is the electronic toll collection system utilized by the Illinois State Toll Highway Authority (ISTHA) on its toll highways that launched on November 18, 1993, with the opening of Interstate 355 (Veterans Memorial Tollway). [1] It uses the same transponder as the E-ZPass system used in the Northeastern US ...
Illinois Lottery proceeds currently benefit three major areas: 1) the state's Common School Fund (CSF), which helps finance K–12 public schools; 2) The Capital Projects Fund, used for infrastructure improvements and job creation and 3) special causes like Illinois veterans, breast cancer charities and research, assistance for people living with HIV/AIDS, and multiple sclerosis research.
The upgraded pay would mean those receiving the state tipped wage of $8.40 would earn the state minimum wage of $15 starting Jan. 1, 2025. 'Pay your workers a living wage': Lawmakers consider ...
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. The System's enabling legislation is in the Illinois Pension ...
The Illinois State Toll Highway Authority (ISTHA) is an administrative agency of the U.S. state of Illinois charged with building, operating, and maintaining toll roads in the state. The roads, as well as the authority itself, are sometimes referred to as the Illinois Tollway. [a] The system opened in 1958 in the Chicago area, and has ...
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 Department of Revenue (IDOR) is the code department [1] [2] of the Illinois state government that collects state taxes, operates the state lottery, oversees the state's casino industry, oversees the state's thoroughbred and harness horse racing industries, and regulates the distribution of alcoholic beverages throughout Illinois, including beer, wine, and liquor. [3]