The six-figure annual pensions go to 5.6 percent of retirees covered under the General Assembly Retirement System, Illinois Municipal Retirement Fund, Illinois Judges' Retirement System, State Employees' Retirement System, State Universities Retirement System
and Illinois Teachers' Retirement System, according to a Daily Herald analysis of the pension funds' financial reports received through several public records requests.
District Judge Matthew Kennelly's decision could open the lawsuit to include some of the 79 former employees who had been receiving payments from the State Universities Retirement System
, the Daily Herald reported.
The State Universities Retirement System
(retirement system) recently amended rules which update and clarify requirements and procedures state university employees must satisfy to qualify for disability benefits.
* Pension Fund Partners include CALSTRS, CalPers, Illinois Municipal Retirement Fund, Illinois Teachers' Retirement System, New York City Pension Fund, State Universities Retirement System
Making use of administrative data from the State Universities Retirement System
(SURS) of Illinois, they study the decisions of nearly 50,000 new employees who make a one-time, irrevocable choice between a traditional DB plan, a portable DB plan, and an entirely self-managed DC plan.
The adjunct professors sued the college in 2016, alleging the decision by the Des Plaines-based school to no longer employ annuitants of the State Universities Retirement System
, or SURS, was discriminatory.
A good first step would be to modernize the countys retirement system following Illinois State Universities Retirement System