Illinois Municipal Retirement Fund
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Oak Brook, IL 60523
Illinois Municipal Retirement Fund News
Declining asset to accountability ratios, employer contributions and skyrocketing unfunded liability could be alleviated by consolidating downstate police and firefighter pension funds, according to Rep. Ryan Spain (R-Peoria).
McHenry, Will and Williamson counties have government pension funds with the highest funding levels in Illinois, according to the Illinois Department of Insurance.
The budget package passed in July stands to exacerbate Illinois’ worst-in-the-country pension debts, but some lawmakers are fighting to make strides against future debt, according to Madeleine Doubek, policy director of the Better Government Association.