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Tuesday, November 5, 2024

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

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Out of school districts in Southern Illinois, Massac USD 1 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.

Southern Illinois pensions spiking penalties, 2005-present

Rank
District
City
Members
Amount Assessed
Payments Made
Waivers Granted
Written-off
Current Balance
1
Massac USD 1
Metropolis
46
$183,794.89
$46,640.33
$137,135.87
$18.69
2
Choate Mental Health Center
Anna
2
$111,431.13
$46,311.67
$65,119.46
3
Century Community Unit School District 100
Ullin
8
$37,135.43
$37,135.43
4
Meridian Community Unit School District 101
Mounds
9
$75,532.82
$36,582.11
$38,950.71
5
Cairo CUSD 1
Cairo
9
$35,077.29
$35,072.26
$5.03
6
Shawnee Community Unit School District 84
Wolf Lake
2
$25,682.77
$25,682.77
7
Cobden Unit District 17
Cobden
6
$26,757.92
$25,176.79
$1,579.00
$2.13
8
Jonesboro CCSD 43
Jonesboro
8
$99,256.56
$23,837.03
$75,418.56
$0.97
9
Anna Jonesboro Community High School District 81
Anna
4
$14,738.42
$14,737.09
$1.33
10
Egyptian Community Unit School District 5
Tamms
6
$36,299.39
$11,083.46
$25,215.93
11
Lick Creek Community Consolidated School District 16
Buncombe
3
$9,598.88
$9,598.88
12
Joppa-Maple Grove USD 38
Joppa
2
$9,007.91
$9,007.91
13
Dongola Unit District 66
Dongola
3
$5,659.56
$5,659.56
14
Cypress Elementary School District 64
Cypress
1
$4,023.32
$4,023.32
15
Anna Community School District No. 37 Board of Education
Anna
11
$57,099.81
$2,522.87
$54,576.94
16
Pope County CUSD 1
Golconda
4
$2,397.93
$2,397.93
17
Hardin County Community Unit School District 1
Elizabethtown
3
$9,172.34
$2,012.01
$7,160.33
18
Goreville CUSD 1
Goreville
3
$1,390.26
$1,128.11
$262.15
19
Vienna TWP HSD 133
Vienna
4
$48,186.26
$164.21
$48,021.75
$0.30

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