Illinois Gov. Pat Quinn on Thursday signed into law an overhaul of the state's retirement system to stabilize pension funds for state workers, teachers and retirees, in part by cutting benefits.

Public employees in Illinois are part of a structured retirement system that determines when they can start receiving pension ...

Since 1998, 20,000 members of the State Universities Retirement System have opted out of the pension plan and into the 401(k)-style Self-Managed Plan, or SMP.

Illinois State Universities Retirement System’s investment committee recommended the system’s staff identify and evaluate additional active core-plus fixed-income managers to address concerns ...

SPRINGFIELD, Ill. (WLS) -- State employees are fighting back outside the Capitol and inside the State Supreme Court over the state's pension system. Illinois Solicitor General Carolyn Shapiro ...

Public employees in Illinois are part of a structured retirement system that determines when they can start receiving pension benefits. The state offers several pension systems, including those ...

SPRINGFIELD - Illinois' unfunded pension liability grew by $9.8 billion, or 7.5%, in the fiscal year that ended June 30, due in large part to market losses in a volatile economy.

The state’s largest public sector retirement system, the Teachers’ Retirement System, is about 45% funded. Last month, Andrew ...

SPRINGFIELD, Ill. (WAND) — Public employee workers rallied at the Illinois State Capitol Wednesday calling for fairness in their pay and retirement benefits.

Stanley O. Ikenberry, the longest tenured president of the University of Illinois System, died at his home in Boca Grande, Florida, on April 1. He was 90. There will be a memorial service in his ...

Illinois’ unfunded pension liability grew by $9.8 billion, or 7.5 percent, in the fiscal year that ended June 30, ... The State University Retirement System lost 1.4 percent of its value.