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.
Greater Decatur pensions spiking penalties, 2005-present
Rank
District
City
Members
Amount Assessed
Payments Made
Waivers Granted
Written-off
Current Balance
1
Decatur School District 61
Decatur
203
$793,866.37
$542,707.60
$251,144.74
$14.03
2
Clinton Community Unit School District 15
Clinton
38
$226,837.68
$76,061.41
$150,750.96
$25.31
3
Maroa Forsyth Community Unit School District 2
Maroa
18
$80,590.52
$65,516.27
$15,072.29
$1.96
4
Sangamon Valley Community Unit School District 9
Niantic
9
$47,068.59
$20,481.97
$26,586.62
5
Okaw Valley Community Unit School District 302
Bethany
5
$10,619.19
$10,618.50
$0.69
6
Blue Ridge Community Unified School District 18
Farmer City
12
$7,105.48
$7,105.48
7
Mt Zion Community Unit School District 3
Mt Zion
26
$4,448.98
$3,057.56
$1,378.48
$12.94
8
Macon-Piatt ROE
Decatur
2
$1,780.58
$1,780.58
9
Meridian Community Unit School District 15
Macon
4
$1,197.15
$1,190.70
$6.45
10
Sullivan Community Unit School District 300
Sullivan
9
$21,618.24
$962.51
$20,655.73
11
Robertson Charter School
Decatur
1
$551.77
$551.77
12
Warrensburg-Latham Community Unit School District 11
Warrensburg
2
$112.02
$111.88
$0.14
ORGANIZATIONS IN THIS STORY
Clinton Community Unit School District 15 Board• Blue Ridge Community Unit School District 18• Meridian Community Unit School District 15• Macon-Piatt Roe• Robertson Charter School• Decatur School District 61 Board• Warrensburg-Latham Community Unit District 11• Sullivan Community Unit School District 300 Board
!RECEIVE ALERTS
The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
DONATE
Help support the Metric Media Foundation's mission to restore community based news.