Illinois Municipal Retirement Fund
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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 Prairie State Wire analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Spain proposal would consolidate police, fire pension funds
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).
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Rankings: 100 best funded pensions in Illinois
McHenry, Will and Williamson counties have government pension funds with the highest funding levels in Illinois, according to the Illinois Department of Insurance.
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Latest laws take some pension pain from Illinois, policy analyst says
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.