Illinois Municipal Retirement Fund
Recent News About Illinois Municipal Retirement Fund View More
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City of Joliet City Council met June 5
City of Joliet City Council met Monday, June 5
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Analysis: Illinois Municipal Retirement Fund would go bankrupt in 10 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Illinois Municipal Retirement Fund would have lost $3,767,711,758 in 2018, according to a Will County Gazette analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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From DuPage Policy Journal
GOP House reps give their nod to pension limitations
With billions of dollars in looming pension debt, almost every GOP state House member approved a bill during the May 28 House Floor debate that limits the Illinois Municipal Retirement Fund (IMRF).
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From Chicago City Wire
Police pension fund changes bring questions from GOP House panel members
Illinois' budget being depleted deleted daily by the pension crisis had Republicans seriously questioning Democratic-sponsored retirement legislation.
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Rankings: 100 best funded pensions in Illinois
Channahon, Plainfield and New Lenox have government pension funds with the highest funding levels in Illinois, according to the Illinois Department of Insurance.
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$999 million out, $90 million in: Chicago pension funds see the abyss, shrug it off
In 2015, the City of Chicago’s two employee pension funds paid out $999 million to 29,286 retirees.