Monthly Archives: April 2014
UNIVERSITY OF ILLINOIS WANTS CHANGES TO PENSION REFORM LAW
TRANSFER OF FUNDS FROM IMRF TO NEW DOWNSTATE POLICE PENSION FUNDS
H.B. 4691 would require the IMRF to transfer an amount representing employee and employer contributions to any new police pension fund created by referendum or census.
MUNICIPALITIES PUSH FOR ARTICLE 3 AND 4 PENSION REFORM
SERS SEEKS TO DELAY NEW PENSION LAW
The State Employees’ Retirement System of Illinois approved a resolution on April 8, 2014 requesting that the Attorney General either seek or agree to a stay of the pension reform law until the lawsuits challenging the law have been decided.
DETROIT REACHES DEAL WITH RETIRED POLICE AND FIREFIGHTERS
Bankrupt Detroit Reaches First Deal With Retirees Group
The City of Detroit and the Retired Detroit Police and Fire Fighters Association reached a deal that would prevent the reduction of current retiree pension benefits but that would also reduce future cost of living increases.
LEGISLATURE APPROVES PENSION REFORM BILL FOR CHICAGO
On April 10, 2014 the Illinois Legislature approved SB 1922. SB 1922 provides changes to the pension funds for Chicago Laborers, Municipal Workers, and Park District employees.
