Illinois Municipal Retirement Fund

Recent News About Illinois Municipal Retirement Fund

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.

June 7, 2018

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.

April 10, 2019

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.

July 30, 2020