McLean County Times

Recent News About Illinois Municipal Retirement Fund

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  Analysis: Illinois Municipal Retirement Fund would go bankrupt in 10 years without taxpayer subsidy

  Without members and taxpayers subsidizing its revenue, the Illinois Municipal Retirement Fund would have lost $3,767,711,758 in 2018, according to a McLean County Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

  By McLean County Times
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  $999 million out, $90 million in: Chicago pension funds see the abyss, shrug it off

  In 2015, the City of Chicago’s two employee pension funds paid out $999 million to 29,286 retirees.

  By McLean County Times