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The Illinois General Assembly created the Teachers’ Retirement System of the State of Illinois (TRS or the System) in 1939 for the purpose of providing retirement annuities, and disability and survivor benefits for educators employed in public schools outside the city of Chicago. The System's enabling legislation is in the Illinois Pension ...
The State Universities Retirement System, or SURS, is an agency in the U.S. state of Illinois government that administers retirement, disability, death, and survivor benefits to eligible SURS participants and annuitants. Membership in SURS is attained through employment with 61 employing agencies, [1] including public universities, community ...
Illinois Senate Republicans. Illinois State Board of Education. Illinois State Board of Investment. Illinois State Fair. Illinois State Police. Illinois State Police Merit Board. Illinois State Toll Highway Authority. Illinois State Universities Civil Service System. Illinois State Universities Retirement System.
The Illinois Municipal Retirement Fund (or IMRF) is the second largest and best-funded public pension system in Illinois. Since 1941, has partnered with local units of government to provide retirement, disability and death benefits for public employees. With a funded status of about 98 percent and more than $50 billion in assets, IMRF is well ...
The Illinois pension crisis refers to the rising gap between the pension benefits owed to eligible state employees and the amount of funding set aside by the state to make these future pension payments. As of 2020, the size of Illinois' pension obligation is $237B, but the state's pension funds have only $96B available for payouts to retirees. [1]
The Illinois Department on Aging is the code department [1] [2] of the Illinois state government that exercises, administers, and enforces all rights, powers, and duties vested in it by the Illinois Act on the Aging. [3] [4] As of March 2019 Paula A. Basta became the Director of Aging. [5] The Illinois Council on Aging, with its citizen and ...
Revenue. US$ 302.5 million (2018) Number of employees. 4,000 (2020) Website. www .ascensus .com. Ascensus, LLC. is an American financial services company. It offers savings plans of various kinds. It was founded in 1980; the head office is in Dresher, Pennsylvania.
Mike Frerichs. Michael W. Frerichs ( / ˈfrɛrɪks /; born July 28, 1973) is an American politician serving his third term as the State Treasurer of Illinois, after taking office on January 12, 2015. Before being elected treasurer, he was a Democratic member of the Illinois Senate, representing the 52nd District from 2007 until 2015.