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State weighs shifting retirement costs to districts
Illinois seeks to shift more teacher pension costs to local districts with a 50 50 split proposal if benefits rise from 9.4 to 13.77 percent. CES and Frankfort districts warn higher costs could force property tax increases or budget cuts, while lawmakers urge careful reform and address Medicaid restructuring. Local officials warn districts are already strained by prior aid cuts and transportation reimbursements.
MENTIONED IN THIS ARTICLE
Teachers Retirement System of
Illinois
TRS
Carbondale
John Williams
CES
Dave Luechtefeld
Rokanville
Cullerton
Madigan
Springfield
Luechtefeld
Quinn