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The Governor and General Assembly founded the University Retirement System in 1941 as an administrator of benefits for employees of the University of Illinois.In the following years, the system grew to include other universities, colleges, and affiliated agencies throughout the state.
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 ...
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.
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Illinois’ largest state employee union has reached a tentative agreement on a new contract, the union said. The two sides came to agreement in the hours after the union’s previous contract ...
The Illinois state government has numerous departments, but the so-called code departments provide most of the state's services. [1] [2] Code departments.
The GEO filed these cards as a petition with the Illinois Educational Labor Relations Board (IELRB) to request a union election. [6] In 1998, the Labor Board reviewed the petition and two of the three members in the committee ruled that graduate assistants would not be considered employees. GEO then appealed this case to the Illinois Court of ...
In July 2017, OpenTheBooks released an editorial on Forbes titled Why Illinois is in Trouble - 63,000 Public Employees with $100,000+ Salaries Cost Taxpayers $10B. They found, in total, roughly $12 billion in cash compensation flowing to six-figure government workers when counting the 9,031 federal employees based in Illinois.