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North Egypt News

Monday, October 21, 2019

Records show how much North Egypt school districts have paid for spiking teacher pensions ahead of retirement

Schools

By Local Labs News Service | May 1, 2018


Out of school districts in North Egypt, Mt Vernon School District 80 paid the most in penalties since 2005 for spiking employee salaries to boost outgoing teachers' retirement benefits, according to data obtained from the Teachers Retirement System of Illinois.

A 2005 law put the penalties in place to discourage districts from giving costly raises - any above 6 percent - that result in costlier pensions. While salaries are paid by districts, the state foots the bill for educators' retirement benefits.

Illinois penalizes districts for "pension spiking" by passing on the extra pension costs associated with hiking salaries in the years leading up to retirement.

Since 2005, the state has assessed more than $161 million in penalties, according to TRS data.

North Egypt pensions spiking penalties, 2005-present

Rank
District
City
Members
Amount Assessed
Payments Made
Waivers Granted
Written-off
Current Balance
1
Mt Vernon School District 80
Mt Vernon
8
$103,826.38
$38,111.00
$65,715.38
2
Summersville School District 79
Mt Vernon
4
$33,350.87
$33,350.87
3
Waltonville Community Unit School District 1
Waltonville
7
$85,039.74
$29,353.67
$55,682.01
$4.06
4
Bethel School District 82
Mt Vernon
5
$27,899.81
$27,899.81
5
Woodlawn USD 209
Woodlawn
6
$26,776.75
$26,102.40
$673.69
$0.66
6
Frankfort Community Unit School District 168
West Frankfort
16
$66,945.89
$24,954.07
$9,592.91
$1.66
$32,397.25
7
Spring Garden Community Consolidated School District 178
Mt Vernon
8
$42,501.01
$22,821.94
$19,678.39
$0.68
8
Benton Community Consolidated School District 47
Benton
8
$38,361.05
$12,985.45
$25,375.34
$0.26
9
Christopher Unit School District 99
Christopher
19
$203,261.05
$11,634.63
$191,624.37
$2.05
10
Mt Vernon Township High School District 201
Mount Vernon
23
$210,007.81
$10,896.78
$199,098.55
$12.48
11
Thompsonville Community Unit School District 174
Thompsonville
6
$23,879.23
$8,394.36
$15,484.31
$0.56
12
Benton CHSD 103
Benton
9
$62,896.29
$4,510.09
$58,386.20
13
Bluford USD 318
Bluford
6
$10,041.42
$3,489.04
$6,552.23
$0.15
14
Farrington Community Consolidated School District 99
Bluford
1
$3,225.36
$3,225.36
15
Akin Community Consolidated School District 91
Akin
1
$2,465.79
$2,465.79
16
Sesser-Valier Community Unit School District 196
Sesser
3
$23,045.64
$1,804.84
$21,240.80
17
Zeigler Royalton CUSD 188
Zeigler
10
$136,838.76
$1,778.34
$135,060.42
18
Opdyke-Belle Rive CCSD 5
Opdyke
4
$4,217.16
$668.94
$3,548.22
19
Field Community Consolidated School District 3
Texico
5
$17,357.18
$641.72
$16,715.46
20
Franklin-Jefferson Spec Educ
Benton
5
$512.96
$512.66
$0.30
21
Rome Community Consolidated School District 2
Dix
1
$459.17
$459.17

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Organizations in this Story

Akin Community Consolidated School District 91 Benton CHSD 103 Benton Community Consolidated School District 47 Bethel School District 82 Bluford USD 318 Christopher Community Unit School District 99 Farrington Community Consolidated School District 99 Field Community Consolidated School District 3 Frankfort Community Unit School District 168 Franklin-Jefferson Spec Educ Mount Vernon City Schools District 80 Mount Vernon Township High School District 201 Opdyke-Belle Rive CCSD 5 Rome Community Consolidated School District 2 Sesser-Valier Community Unit School District 196 Spring Garden Community Consolidated School District 178 Summersville School District 79 Thompsonville Community Unit School District 174 Waltonville Community Unit School District 1 Woodlawn USD 209 Zeigler Royalton CUSD 188

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