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Changes from the “Tier I” pension law include raising the minimum eligibility to draw a retirement benefit to age 67 with 10 years of service, initiating a cap on the salaries used to calculate retirement benefits, and limiting cost-of-living annuity adjustments to the lesser of 3 percent or half of the annual increase in the Consumer Price ...
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 ...
The Chicago Teachers Union (CTU) is a labor union that represents teachers, paraprofessionals, and clinicians in the Chicago public school system.The union has advocated for improved pay, benefits, and job security for its members, and it has opposed efforts to vary teacher pay based on performance evaluations.
Illinois might soon see a new stipend program for student teachers to be compensated while working. House Bill 4652 introduced by Rep. Barbara Hernandez, D-Aurora, would create a student teaching ...
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If multimillion-dollar pay packages could ever look anything like modesty, the Nordstrom brothers’ compensation might qualify. While Erik Nordstrom, chief executive officer, and Peter Nordstrom ...
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The board sets educational policies and guidelines for public and private schools, preschool through grade 12. It analyzes the aims, needs and requirements of education and recommends legislation to the Illinois General Assembly and Governor for the benefit of the more than 2 million school children in the state. [1]