Despite a requirement for the state’s Department of Insurance to review police and firefighter pension funds at least once every three years, nearly three-quarters of the funds have only been examined once in the past decade. That’s according to the Illinois Auditor General’s office.
In a report published last week the Auditor says four-hundred-eighty of the state’s six-hundred-fifty-seven police and firefighter pensions were reviewed by DOI on one occasion since 2004. Nearly twenty-percent of the funds were examined on two occasions since 2004. The Auditor also says DOI needs to establish a document retention policy to expunge worker’s comp fraud cases that don’t get prosecuted, work to data mine and review social media for possible fraud, waste and abuse investigations, and get better control over expenditures of vendors for the Illinois Health Insurance Marketplace outreach efforts.