Pension Code News Today

CHICAGO — The Illinois Supreme Court on Friday upheld a landmark law that consolidated hundreds of suburban and downstate police and firefighter pension funds. In a unanimous decision, the state’s high court sided with two lower courts in rejecting the argument that participants’ diluted role in electing representatives to make investment decisions under the new law violates the state ...

The Illinois Supreme Court on Friday upheld a landmark law that consolidated hundreds of suburban and downstate police and firefighter pension funds. In a unanimous decision, the state’s high court sided with two lower courts in rejecting the argument that participants’ diluted role in electing representatives to make investment decisions under the new law violates the state constitution’s ...

Last week TRS published Employer Bulletin 22-15 on its Supplemental Savings Plan (SSP), a new SSP Employer Participation Agreement, and a form of resolution for adoption by school...

=== I was told that he hasn’t reviewed it yet. === I bet Dave Dring laughed at that one. When you put yourself out there as a Progressive, but the only allies you can consistently bank on are the Tribune editorial board, you are eventually going to get jammed up like this in Springfield. You gotta wonder how Durkin feels about Lightfoot’s threat to soak his taxpayers with Chicago’s pension problems too. - James the Intolerant - Friday, Apr 30, 21 @ 10:53 am: “Grossly underfunded”. Da...

Retired union officials in chicago, theyre going to pay out $56 million. now, heres the thing, this was written into the pension code back in 1991. nobody is taking credit for it today except those people who because a deal is a deal, theyre going to get the money which is about three times what the average city employee would get. >> now, you watched when this math was thrown at governor christie. he went in there and said i got to talk to the unions. governor cuomo went in there and said i got...