Illinois public pension database

    • [PDF File]A “Pension Crisis” Mentality Won’t Help

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      framing of Illinois’ pension problems is inextricably linked to how we conceptualize their solutions. The crisis narrative makes a broad claim about public pension systems writ large in Illinois. But Illinois has nearly 700 st ate and local pension funds, and their issues and challenges vary widely. This white paper focuses on just the


    • [PDF File]REQUEST FOR PROPOSAL

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      Investment Manager and Data Analytics Database . ID: RFP 20-23-04 . Issued February 13, 2023 ... 1941, by an act of the Illinois General Assembly, and is governed by the Illinois Pension Code (40 ILCS 5/15-101 et seq.). ... (40 ILCS 5/1- 109.1(6)) encourages Illinois public - pension systems like SURS to utilize businesses owned by ...


    • [PDF File]Police Pension Funds - Illinois

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      3-114.1 Disability pension - Line of Duty - added -(a) “ the police officer shall be entitled to a disability retirement pension equal to the greatest of (1) 65% of the salary attached to rank on the police force held by the officer at the date of suspension of duty or retirement,(2) the retirement pension that the police officer would be eligible to receive if he or she retired


    • [PDF File]Illinois Pension Modernization Task Force

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      Public Pension Plans in the decade of the 2000s. In the late 1990s many Public Pension Plans had fully funded plans on a market value basis. However, they never changed their Asset Allocation to a more conservative asset matching liabilities strategy using bonds that


    • [PDF File]Illinois Department of Insurance The Siren

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      TO : Downstate and Suburban Police and Firefighter Public Pension Funds . FROM : Illinois Department of Insurance, Public Pension Division . DATE : November 26, 2014 . RE : Pension Annual Statement System upgrade . The Department of Insurance will be upgrading the Pension Annual Statement System (PASS) effective December 15, 2014.


    • [PDF File]PENSIONS (40 ILCS 5/) Illinois Pension Code. - SEC

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      the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law. PENSIONS (40 ILCS 5/) Illinois Pension Code. (40 ILCS 5/Art. 1 heading) ARTICLE 1. GENERAL ...


    • [PDF File]Public Sector Pensions in Illinois: A Way Forward

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      10 The annual pension benefits of TRS employees, too, are not overly generous; TRS employees’ benefit ranks 27th out of 46 states.11 Brown and Dye conclude that “[w]hen one considers the combined generosity and expense of public pensions and Social Security, there is little evidence that Illinois is more generous than other states with higher funding ratios.” 12


    • [PDF File]Illinois Department of Insurance

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      Illinois Department of Insurance . Attn: Public Pension Division . 320 West Washington Street . Springfield, IL 62767 . If you have a question about the package and/or the required pension documentation, please contact the Pension Division at: (800) 2076958 or . doi.pension@illinois.gov - . Forms are available in Pass [https://insurance ...


    • Teacher Pension Policy in Illinois - National Council on Teacher Quality

      Illinois’ pension system ratings Sustainability Pension system is stable and well funded. Flexibility Pension system is flexible and fair to all teachers. Neutrality Benefits accrue uniformly with each year of work. Transparency Teachers and the public have a clear depiction of the system’s standing and future health.


    • [PDF File]State Actuary’s Report of the Actuarial Assumptions and Valuations of ...

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      Requirements of Public Act 100-0465 On August 31, 2017, Public Act 100-0465 was signed into law, which added a sixth retirement system to be reviewed by the State Actuary. The Illinois Pension Code was revised to require the Chicago Teachers’ Pension Fund (CTPF) to submit information to the State Actuary similar to the requirement for the other


    • [PDF File]Current Topics in Illinois Public Pensions - IPPFA

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      the database is small (there were only 19 police survivors on the date examined). (b) the number of female police/fire retirees is small. ... Divorce and the Illinois Public Pension: 25: Divorce and the Illinois Public Pension: History of requiring pension plans to split pensions between payees began in the United States Military: 1970-


    • [PDF File]Illinois Department of Insurance

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      Illinois Department of Insurance, Public Pension Division, in writing using this form or a subsequent form prescribed by the Illinois Department of Insurance, Public Pension ... Public Pension Division at the e-mail address listed below. “Personal information” includes, but is not limited to, an individual’s first name or first initial ...


    • [PDF File]Creditable Service Police - Illinois

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      Combining time served in two or more Article 4 pension funds allows a firefighter to receive a total pension based upon the final salary earned at the last fund and the total number of combined creditable service years. Each fund will pay th e firefighter a pro-rated pension benefit, but the total benefit will be the same as if the firefighter


    • [PDF File]Illinois Public Pension Fund Association Information Bulletin July 2020 ...

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      Pension funds have unfunded actuarial accrued liability (UAAL) when the present value of the plan’s liabilities is in excess of financial assets. Most Illinois fire and police pension plans have an unfunded liability. The funded percentage of all Article 3 and Article 4 plans is 55% ($12 billion in unfunded liabilities).


    • [PDF File]QUALIFIED ILLINOIS DOMESTIC

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      Effective July 1, 2006, the QILDRO statute amended the Illinois Pension Code Section 1-119 [40 ILCS 5/1-119]. The terms used in this publication are defined in Section 1-119 (a) of ... Inquiries concerning a QILDRO may be directed to the Public Pension Division at 1-800-207-6958. A copy of this publication and interactive QILDRO forms are ...


    • [PDF File]Illinois Department of Insurance

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      This form may be used to fulfill the requirement to notify the Illinois Department of Insurance Public Pension Division (Division) of a firefighter’s intent to receive benefits provided under Section 4-109.3(h) of the Article 4 ... Illinois Department of Insurance, Public Pension Division, 122 South Michigan Ave., Chicago, Illinois 60603 or e ...


    • [PDF File]Teachers’ Retirement System of the State of Illinois (A Component Unit ...

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      (A Component Unit of the State of Illinois) Report on Allocation of Pension Amounts For the Year Ended June 30, 2020 1 System Officials Acting Executive Director (8/4/20 – Present) Stan Rupnik, CFA Executive Director (7/1/19 – 8/3/20) Richard W. Ingram Chief Investment Officer Stan Rupnik, CFA ...


    • [PDF File]Illinois Pension Consolidation Feasibility Task Force

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      assets for all Illinois public pension plans. This makes these plans unique to the other plans in the state in that their governmental aggregate volume of assets is significantly smaller than the other Illinois, Cook County, and City of Chicago plans. Table 1: Average Volume of Assets by IL Pension Plan Category ($ in Millions) Plan Category # of


    • [PDF File]Illinois Department of Insurance

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      Illinois Department of Insurance, Public Pension Division, in writing using this form or a subsequent form prescribed by the Illinois Department of Insurance, Public Pension ... Public Pension Division at the e-mail address listed below. “Personal information” includes, but is not limited to, an individual’s first name or first initial ...


    • [PDF File]Directory of Illinois Public Retirement Systems and Pension Funds

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      The Cook County-Area Pension Funds Public School Teachers’ Pension and Retirement Fund of Chicago 25 Cook County Employees’ Pension Fund 27 Cook County Forest Preserve Employees’ Pension Fund 29 Metropolitan Water Reclamation District 31 Chicago Transit Authority Pension Fund 33 The Downstate Pension Funds


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