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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.
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.
The Illinois state government has numerous departments, but the so-called code departments provide most of the state's services. [1] [2] Code departments.
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The administrative divisions of Illinois are the counties, townships, precincts, cities, towns, villages, and special-purpose districts. [11] Illinois has more units of local government than any other state—over 8,000 in all. The basic subdivision of Illinois are the 102 counties. [12] 85 of the 102 counties are in turn divided into 1,432 ...
Some states have attempted to discredit Illinois as a great place to do business. Here's why they're wrong.
The wildfires in Southern California this month, and the hurricanes in the Southeast United States late last year, could end up raising homeowners insurance rates in the near future, even for ...
Illinois Lottery proceeds currently benefit three major areas: 1) the state's Common School Fund (CSF), which helps finance K–12 public schools; 2) The Capital Projects Fund, used for infrastructure improvements and job creation and 3) special causes like Illinois veterans, breast cancer charities and research, assistance for people living with HIV/AIDS, and multiple sclerosis research.