by Tom Radja | Jun 12, 2024 | Employment benefits, Pension
The Illinois Department of Insurance (“IDOI”) issued The Siren on February 8, 2024 addressing the amount of money Article 3 and 4 pension funds may keep in a retained local account to cover benefit payments and expenses. According to the IDOI, Article 3 and 4 funds...
by Tom Radja | Jan 12, 2024 | Pension, Police and Fire Pension
HB 1052 Synopsis As Introduced Amends the Downstate Firefighter Article of the Illinois Pension Code. In a provision that reduces the amount of the pension for a Tier 2 firefighter who retires with at least 10 years of creditable service before attaining age 55,...