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