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2. Illinois Municipal Retirement Fund - Wikipedia

   en.wikipedia.org/wiki/Illinois_Municipal...

   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 ...

3. Public employee pension plans in the United States - Wikipedia

   en.wikipedia.org/wiki/Public_employee_pension...

   Public employee pension plans in the United States. In the United States, public sector pensions are offered at the federal, state, and local levels of government. They are available to most, but not all, public sector employees. These employer contributions to these plans typically vest after some period of time, e.g. 5 years of service.

4. Did 401(k)s Replace Pension Plans? (& Which Is Better ... - AOL

   www.aol.com/did-401-k-replace-pension-105700511.html

   A pension plan is a different kind of retirement savings plan in which a company sets money aside to give to future retirees. Over the past few decades, defined-contribution plans like the 401 (k ...

5. Illinois pension crisis - Wikipedia

   en.wikipedia.org/wiki/Illinois_pension_crisis

   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]

6. A complete guide to 401(k) retirement plans: What is a ... - AOL

   www.aol.com/finance/complete-guide-401-k...

   A 401 (k) plan is a tax-advantaged retirement savings tool offered by employers that allows eligible employees to contribute a portion of their salary up to a set amount each year. Unlike ...

7. 401(k) withdrawal rules: What to know before cashing out ...

   www.aol.com/finance/what-are-401k-withdrawal...

   The minimum withdrawal age for a traditional 401 (k) is technically 59½. That’s the age that unlocks penalty-free withdrawals. You can withdraw money from your 401 (k) before 59½, but it’s ...

8. Teachers' Retirement System of the State of Illinois - Wikipedia

   en.wikipedia.org/wiki/Teachers'_Retirement_System...

   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 ...

9. List of largest pension schemes in the United States - Wikipedia

   en.wikipedia.org/wiki/List_of_largest_pension...

   This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.