On Oct. 30, 2024, the Third District of the Illinois Appellate Court held that a voluntary refusal to undergo a low-risk surgery could be considered unreasonable behavior in the context of applying for a disability pension.
Amends the Illinois Pension Code. Every school district (other than a school district organized under Article 34) with a full-time licensed teacher population of 575 or more and that maintains a 457 plan...
On Feb. 9, 2024, the First District of the Illinois Appellate Court held that the last pension fund a firefighter participated in is not required to pay a nonduty disability pension if the firefighter joined the fire department voluntarily and had not yet accrued seven years of creditable service with that fire department at the time the firefighter resigned.
The Illinois General Assembly amended the Illinois Pension Code. A deferred compensation plan recordkeeper is now prohibited from using information gathered in the course of administering services under the deferred compensation plan for the purpose of cross-selling nonplan services or products to participants, except upon a participant’s request.
The Teachers’ Retirement System amended the Part titled Administration and Operation of the Teachers’ Retirement System. Employers must now file all required reports under Article 16 of the Illinois Pension Code on a pay-period basis rather than on a monthly basis.
The Illinois General Assembly amended the Chicago Police and Chicago Firefighter Articles of the Illinois Pension Code. The amendment establishes that a police officer or firefighter who becomes disabled due to COVID-19 has the rebuttable presumption that they contracted COVID-19 while performing an act of duty. The presumption entitles the police officer or firefighter to a duty disability benefit.
On Nov. 9, 2022, the Second District of the Illinois Appellate Court held an individual’s disability benefits received in lieu of retirement benefits were divisible under his marital settlement agreement with his former spouse.
On March 9, 2015, the First District Appellate Court confirmed the Retirement Board of the Firemen's Annuity and Benefit Fund of Chicago's ("Board's") denial of disability benefits to a deputy district fire chief.
Standard IRAs are exempt in bankruptcy and thus unavailable to creditors. But what if the debtor inherited the IRA account - is it likewise exempt? A look at the evolving case law.
The Teachers' Retirement System of the State of Illinois (TRS) recently established a test to ensure that former teachers and other members sufficiently separate from employment prior to receiving benefits.
Illinois lawmakers have amended the Illinois Pension Code to include a new section detailing the process for selecting and appointing consultants to provide investment services for retirement systems, pension funds and investment boards subject to the Code (excluding funds established under articles 3 and 4 of the Code).
On September 15, 2006, the Illinois Appellate Court, Fifth District, reversed the decision of the Circuit Court of Jackson County, which had affirmed the decision of the Murphysboro Firefighters Pension Board of Trustees (Board) denying the plaintiff duty-disability pension benefits
Section 167.1 of the Illinois Pension Code, 40 ILCS 5/5-167.1, has been amended to expand the category of police officers who are subject to both the monthly and annual increases in their annuity to include those born after January 1, 1950, and before January 1, 1955.
With regard to vacancies on the Board of Trustees of the Illinois Teachers' Retirement System, section 16-165 of the Illinois Pension Code, 40 ILCS 5/16-165, was amended.
On October 6, 2005, the Illinois Supreme Court affirmed the judgment of the Illinois Appellate Court, First District, which held that the petitioner had a right to all of his municipal pension funds that were unrelated to a prior felony conviction.
The U.S. Supreme Court upholds ERISA's "anti-cutback" provision, ruling that pension plans can't retroactively limit the kinds of jobs workers can take after they retire.
On July 11, 2003, the Appellate Court of Illinois, Second District, affirmed in part and reversed in part orders of the Circuit Court of Du Page County awarding the former wife to a portion of her former husband's military pension and disability benefits.
