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SURS has been developing its investment program since the early 1980s, when Illinois, like many other states, changed its laws to allow the state pension funds to adopt modern investment practices. At the same time, the new laws established a high standard of fiduciary responsibility, namely adopting the prudent expert rule.
Brookwood School District 167; Burbank School District 111; Burnham School District 154-5; Calumet City School District 155; Calumet Public School District 132; Central Stickney School District 110; Chicago Heights School District 170; Chicago Ridge School District 127-5; Cicero School District 99; Community Consolidated School District 59 ...
The following is a list of school districts in Illinois.As of July 1, 2023, there were 852 public school districts, including 368 elementary districts, 97 high school districts, 386 unit districts, and one Illinois Department of Juvenile Justice district, and two cooperative high schools.
TRS members fall into the following categories: active, inactive, annuitant, and beneficiary. Active members are full-time, part-time, and substitute Illinois public school personnel employed outside the city of Chicago in positions requiring licensure by the Illinois State Board of Education. Persons employed in certain state agencies and ...
Retired Chicago teacher returns to work to keep a roof over her head — how inflation is draining seniors’ nest eggs Bethan Moorcraft June 11, 2024 at 5:58 AM
Palos Heights School District 128; Palos School District 118; Park Forest-Chicago Heights School District 163; Park Ridge-Niles School District 64; Pennoyer School District 79; Pleasantdale School District 107; Posen-Robbins School District 143½; Prospect Heights School District 23; Proviso Township High Schools District 209
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 Illinois. Coverage of schools increased the number of employers in IMRF from 156 to 652 and the ...
At $153,835, Hupe's pension exceeded the state governor's salary. His employer, the Worth Township Board of School Trustees, reported to the Illinois Municipal Retirement Fund that Hupe took home an extra $302,000 above his salary between 1998 and 2002. Hupe claimed that the additional payments were in lieu of unused annual leave.