Glenbard Township High School District 87 made a little-noticed wire transfer to the state two years ago, $164,198 that was never discussed in public.
What taxpayers weren't told was that the payment was required by state law because the west suburban district had given hefty pay hikes to two retiring educators, helping fatten their pensions.
A 2005 pension law was intended to rein in big salary spikes that boost retiree benefits and pension costs statewide, imposing cash penalties on districts that gave raises larger than 6 percent to outgoing educators.
Categories: State Issues
Tags: Pensions, Education issues
Local lawmakers will look for guidance from the Illinois Supreme Court after a judge’s decision Friday to strike down a law intended to fix the state pension crisis.
Sangamon County Circuit Court Judge John Belz ruled Friday the pension overhaul was unconstitutional. In the same afternoon, the Illinois State’s Attorney’s Office announced plans to immediately appeal the decision to the state Supreme Court.
Categories: Local Issues
Tags: Pat McGuire, Pensions, General Assembly, Larry Walsh Jr., Reforms
An Illinois agency manager might have to delay retirement. A former university secretary wonders if she'll have to cancel vacations. A state office assistant fears he won't be able to afford the medical care his wife needs.
Anxiety and anger are growing among state employees and retirees who wonder what will happen to their pocketbooks if lawmakers make expected changes to the state's pension systems that could require workers to pay even more toward retirement, increase the retirement age and cut annual increases in benefits.
Tags: Pensions, State of IL