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  2. Better Government Association - Wikipedia

    en.wikipedia.org/wiki/Better_Government_Association

    The BGA maintains an Illinois Public Salaries Database, which allows the public to research the compensation for employees in all levels of state government. The BGA submitted nearly 1,000 Freedom of Information Act requests to update the database in 2020. The database separates bonus pay and overtime from base salaries, and also allows users ...

  3. Illinois Municipal Retirement Fund - Wikipedia

    en.wikipedia.org/wiki/Illinois_Municipal...

    The typical IMRF retiree receives a modest and sustainable benefit, earned after decades of public service. In 2020, 56% of retirees received a benefit of less than $12,000 annually. [2] In 2019, IMRF became the first public pension fund in the nation to receive a Malcolm Baldrige National Quality Award for Performance Excellence.

  4. 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.

  5. Illinois’ pension debt to personal income ratio second worst ...

    www.aol.com/news/illinois-pension-debt-personal...

    (The Center Square) – Illinoispension debt compared to personal income is the second worst in the nation. Fitch Ratings reviewed pension funds for public employee retirees from every state ...

  6. Illinois quick hits: Illinois public pension debt grows - AOL

    www.aol.com/illinois-quick-hits-illinois-public...

    Illinois public pension debt grows Illinoispension situation is getting worse. The Commission on Government Forecasting and Accountability reports the total unfunded liability is 46% with a ...

  7. Illinois’ pension debt grows - AOL

    www.aol.com/illinois-pension-debt-grows...

    (The Center Square) – Illinois unfunded pension liability is growing. The Illinois Commission on Government Forecasting and Accountability reports the latest unfunded liability is $143.7 billion ...

  8. Teachers' Retirement System of the State of Illinois - Wikipedia

    en.wikipedia.org/wiki/Teachers'_Retirement_System...

    Changes from the “Tier I” pension law include raising the minimum eligibility to draw a retirement benefit to age 67 with 10 years of service, initiating a cap on the salaries used to calculate retirement benefits, and limiting cost-of-living annuity adjustments to the lesser of 3 percent or half of the annual increase in the Consumer Price ...

  9. 'We need help': Rising pension costs, end of Illinois grocery ...

    www.aol.com/help-rising-pension-costs-end...

    Between now and 2040, Peoria owes, roughly, $360 million in public safety pension payments due to a state mandate that police and fire pensions be 90% funded by 2040.