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Friday, April 19, 2024

Records show how much SE Illinois school districts have paid for spiking teacher pensions ahead of retirement

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Out of school districts in SE Illinois, Wabash Community Unit School District 348 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.

SE Illinois pensions spiking penalties, 2005-present

Rank
District
City
Members
Amount Assessed
Payments Made
Waivers Granted
Written-off
Current Balance
1
Wabash Community Unit School District 348
Mt Carmel
37
$208,438.20
$71,860.39
$136,567.30
$10.51
2
Gallatin Community Unit School District 7
Junction
23
$87,483.01
$57,339.67
$30,138.43
$4.91
3
Norris City-Omaha-Enfield SD
Norris City
8
$125,060.01
$36,416.36
$88,643.37
$0.28
4
Fairfield CHSD 225
Fairfield
8
$26,754.54
$26,745.32
$9.22
5
Carmi-White Cnty CUSD 5
Carmi
28
$237,303.58
$22,464.16
$214,825.39
$14.03
6
Regional Office of Educ 20
Harrisburg
6
$21,652.68
$14,932.92
$6,719.76
7
Geff Community Consolidated School District 14
Geff
6
$9,840.54
$9,831.95
$8.59
8
Hamilton County CUSD 10
McLeansboro
30
$81,573.80
$7,886.82
$73,674.46
$12.52
9
Harrisburg Community Unit School District 3
Harrisburg
8
$6,741.17
$6,739.20
$1.97
10
Wayne City Community Unit School District 100
Wayne City
7
$29,565.66
$5,141.36
$24,299.18
11
Grayville Community Unit School District 1
Grayville
2
$15,030.64
$4,765.85
$10,264.79
12
Edwards County Community Unit School District 1
Albion
5
$62,975.87
$4,664.80
$58,311.07
13
Fairfield Public SD 112
Fairfield
10
$2,666.19
$2,666.19
14
New Hope Community Consolidated School District 6
Fairfield
3
$2,056.19
$2,056.19
15
North Wayne Community Unit School District 200
Cisne
6
$16,807.80
$2,042.57
$14,764.92
$0.31
16
Eldorado Community Unit School District 4
Eldorado
6
$139,210.86
$1,508.48
$137,702.25
$0.13
17
Galatia Community Unit School District 1
Galatia
3
$21,803.18
$266.71
$21,536.47
18
Wabash & Ohio Valley Spec Educ
Norris City
8
$97,255.36
$47.69
$97,207.14
$0.53

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