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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 ...
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 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 ...
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Gov. Brian Kemp signed legislation Tuesday that makes additional changes to Georgia's election laws ahead of the 2024 presidential contest in the battleground state, including defining probable ...
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PETER SMITH. May 1, 2024 at 4:52 PM. CHARLOTTE, N.C. (AP) — United Methodist delegates repealed their church’s longstanding ban on LGBTQ clergy with no debate on Wednesday, removing a rule ...