by Tom Radja | Sep 29, 2024 | Employment benefits, Pension, Police and Fire Pension
Tier 2 Benefits apply to a police officer or firefighter who first becomes a participant in an Article 3 or Article 4 pension fund on or after January 1, 2011. This article will highlight Tier 2 benefits. Tier II Benefits: Service Retirement Benefits: 55 years...
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,...
by Tom Radja | Aug 24, 2012 | Pension
On Autust 10, 2012, a Cook County Jury Returned a verdict against Mr. Radja’s former Employer, Richard J. Reimer & Associates, to the tune of $132,274.60. The Jury found that Richard J. Reimer & Associates breached Mr. Radja’s employment agreement...
