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SURS serves over 228,000 active and inactive members and benefit recipients throughout the world. [3] SURS is considered a component unit of the State of Illinois’ financial reporting entity and is included in the state's financial reports as a pension trust fund. SURS is governed by Section 5/15, Chapter 40, of the Illinois Compiled Statutes ...
(The Center Square) – Illinois’ pension debt compared to personal income is the second worst in the nation. Fitch Ratings reviewed pension funds for public employee retirees from every state ...
Illinois pension liability 2nd worst in U.S. Illinois’ unfunded pension liability compared to personal income is the second worst in the country, according to a nationwide report from Fitch Ratings.
The rankings below are the 30 largest public pension plans in the U.S., according to the 2018 list compiled by Pensions & Investments. [1] Because this information is now several years old, the numbers and rankings may no longer be entirely accurate.
Pension review is a component of retirement planning, where a pension is examined to determine how well it is performing. This may include what the annual fees amount to, if the pension is growing at a reasonable level, how it is invested, if it could perform better with different investments, and if the fund will be able to provide the desired retirement.
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.
The Illinois Supreme Court on Friday endorsed the consolidation of local police and firefighter pension systems, a rare victory in a yearslong battle to find an answer to the state's besieged ...
Pension benefits are primarily designed to favor workers who work a full career (typically at least 25 years of service), which account for approximately 24% of state-level public workers. In a study of 335 statewide retirement plans, Equable Institute found that 74.1% of pension plans in the US served this group of workers well.