Government
City of Oakbrook Terrace City Council met March 14.
City of Oakbrook Terrace City Council met Wednesday, March 14.
Illinois Municipal Retirement Fund
Recent News About Illinois Municipal Retirement Fund
Business
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).
Government
Report: Average pensioner in Illinois Municipal Retirement Fund earns $40,034 per year
The Illinois Municipal Retirement Fund had 175,019 active participants receiving an average salary of $40,034 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Business
Rep. Mazzochi passes first bill to Senate
Newly elected state Rep. Deanne Mazzochi’s (R-Elmhurst) first bill calling for more transparency for public pensions has passed the House in a near-unanimous vote.
Government
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 DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.