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Public Act 96–0889, which was signed into law in the spring of 2010, adds a new section to the Pension Code that applies different benefits to anyone who first contributes to TRS on or after January 1, 2011, and does not have previous service credit with a pension system that has reciprocal rights with TRS.
The Chicago Teachers Union (CTU) is a labor union that represents teachers, paraprofessionals, and clinicians in the Chicago public school system. The union has advocated for improved pay, benefits, and job security for its members, and it has opposed efforts to vary teacher pay based on performance evaluations.
The Illinois pension crisis refers to the rising gap between the pension benefits owed to eligible state employees and the amount of funding set aside by the state to make these future pension payments. As of 2020, the size of Illinois' pension obligation is $237B, but the state's pension funds have only $96B available for payouts to retirees.
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Illinois might soon see a new stipend program for student teachers to be compensated while working. House Bill 4652 introduced by Rep. Barbara Hernandez, D-Aurora, would create a student teaching ...
The Teacher Salary Project is a non-profit organization dedicated to raising awareness surrounding the working conditions and salaries of public school teachers throughout America. The mission of The Teacher Salary Project is to address the concerns and issues facing our education system through the eyes and experiences of teachers.
In 1947, the Illinois legislature required the IMRF staff to participate as members of the system. Later in that same year, the Illinois legislature mandated participation by all Illinois school districts (except those located in the city of Chicago) and all their employees except those covered by the Teachers' Retirement System of the State of ...
State Teachers' Retirement System; The Illinois Retirement Systems Reciprocal Act ensures that pension credits remain in the system in which they are earned. You may not transfer your credits from one system to another. You will be entitled to a retirement annuity from each system, and you survivor(s) will qualify for a survivors annuity, if: