According to an order from the State of Illinois Department of Insurance, the fund has failed to file an annual statement for the fiscal year ending on April 30, 2022, causing them to be in noncompliance with state pension statutes.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
No City should contribute to the pension PONZI scheme. Let the thing go broke, the sooner the better. End the pain and start all over with 401K plans.