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

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

    TRS members fall into the following categories: active, inactive, annuitant, and beneficiary. Active members are full-time, part-time, and substitute Illinois public school personnel employed outside the city of Chicago in positions requiring licensure by the Illinois State Board of Education. Persons employed in certain state agencies and ...

  3. 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.

  4. 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.

  5. Projected COLA for 2025: September update — how it's ...

    www.aol.com/finance/social-security-cost-of...

    A survey by the National Institute on Retirement Security echoes that sentiment, with 87% of respondents concerned about rising costs, and 66% worried about increasing healthcare costs in retirement.

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  7. State Universities Retirement System - Wikipedia

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

    State Retirement Systems of Illinois; State Teachers' Retirement System; The Illinois Retirement Systems Reciprocal Act ensures that pension credits remain in the system in which they are earned. You may not transfer your credits from one system to another. You will be entitled to a retirement annuity from each system, and you survivor(s) will ...