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Pension penalties drop, but some schools still owe over $100,000 | |
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May 18, 2014 Two of the largest suburban school districts paid six-figure penalties for giving pension-boosting pay hikes for retiring educators in the 2012-2013 school year, eight years after a state law was adopted to discourage schools from doing so. But another suburban school district, Schaumburg Township Elementary District 54, paid about $25,000 in penalties for the 2012-2013 school year -- far less than the year before, when it paid nearly half a million dollars, according to records from the state's Teachers' Retirement System. Source: http://www.dailyherald.com/article/20140518/news/140518340/ |
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