School district salaries left out of Illinois school report cards

By Brian Costin
11/04/2013
The Illinois General Assembly may consider much needed pension reform during the second week of fall veto session, which lasts Nov. 5 until Nov. 7. But they will have to do so without the latest teacher and administrator salary information affecting the state’s largest pension system, the Teachers’ Retirement System, or TRS. Last week the...

TAGS: Illinois State School Report Cards, ISBE: Illinois State Board of Education, TRS: Teachers’ Retirement System

Naperville considers pension double-dipping transparency reform

By Brian Costin
11/04/2013
Most public employees in Illinois receive a single pension upon retirement. But some workers don’t just get one pension – they get two or three. This is made possible by either working multiple government jobs at the same time, or retiring from one public job and beginning a second within a different pension system. Both...

TAGS: IMRF: Illinois Municipal Retirement Fund, naperville, pensions, Social Security, transparency, TRS, TRS: Teachers’ Retirement System

Pensions: contributions out of sync with payouts

By Ted Dabrowski
10/31/2013
Members of Illinois’ state-run pension systems claim they’ve paid their fair share into the pension funds. To be sure, these workers have paid in what’s been required legally under mutually agreed upon contracts. But the benefits politicians and union bosses have negotiated for retirees are pushing the state’s pension systems to the brink of insolvency....

TAGS: pensions, TRS, TRS: Teachers’ Retirement System

Illinois’ pension crisis keeps getting worse

By Ted Dabrowski
10/29/2013
Even if Illinois pension funds see investment returns that exceed expectations, that still won’t be enough to plug the largest fund’s hole. The Teachers’ Retirement System reported its pension underfunding grew to $55.73 billion as of June 30, 2013 — an increase of more than $3.5 billion since the end of the previous fiscal year...

TAGS: 401(k), COGFA, Dick Ingram, SURS: State Universities Retirement System, TRS, TRS: Teachers’ Retirement System