$999 million out, $90 million in: Chicago pension funds see the abyss, shrug it off
n 2015, the City of Chicago’s two employee pension funds paid out $999 million to 29,286 retirees.
n 2015, the City of Chicago’s two employee pension funds paid out $999 million to 29,286 retirees.
Elected officials in Illinois who work less than 1,000 hours a year would not qualify for the pension program under the Illinois Municipal Retirement Fund (IMRF) if a bill proposed by Rep. David Olsen (R-Downers Grove) passes.
Aurora City Council will meet at 6 p.m. Tuesday, March 14.
Downers Grove Township Board appoints township supervisor at a recent meeting.
The village of Itasca Board of Trustees met Aug. 16 to revise Section 3 of the Personnel Manual.
Itasca Board hears presentation on the Northern Illinois Raptor Center’s new agreement with the Itasca Nature Center at recent meeting.
Oak Brook Village Board holds informational session on 2017 budget during recent meeting.
Oak Brook Board of Trustees will meet at 7 p.m. Tuesday, June 14..
The Second District Appellate Court has agreed with the village of Oak Brook and confirmed the invalidity of much of the pension liability related to former police Chief Thomas Sheahan.