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The Illinois General Assembly created the Teachers’ Retirement System of the State of Illinois (TRS or the System) in 1939 for the purpose of providing retirement annuities, and disability and survivor benefits for educators employed in public schools outside the city of Chicago. The System's enabling legislation is in the Illinois Pension ...
The Illinois Municipal Retirement Fund (or IMRF) is the second largest and best-funded public pension system in Illinois. Since 1941, has partnered with local units of government to provide retirement, disability and death benefits for public employees. With a funded status of about 98 percent and more than $50 billion in assets, IMRF is well ...
Website. www .vvsd .org. Valley View School District 365U (VVSD) is located about 35 miles southwest of downtown Chicago, where Interstates 55 & 355 intersect. The district comprises most of Bolingbrook and Romeoville, Illinois. Formed in 1972, the district serves the educational needs of more than 18,000 students in 20 educational facilities.
Schools across the country are announcing teacher and staff layoffs as districts brace for the end of a pandemic aid package that delivered the largest one-time federal investment in K-12 education.
The Illinois pension crisis refers to the rising gap between the pension benefits owed to eligible state employees and the amount of funding set aside by the state to make these future pension payments. As of 2020, the size of Illinois' pension obligation is $237B, but the state's pension funds have only $96B available for payouts to retirees. [1]
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.
The Public School Employees’ Retirement System (PSERS) is a pension fund for public school employees in the Commonwealth of Pennsylvania.Eligible members include all full-time public school employees, part-time hourly public school employees who render at least 500 hours of service in the school year, and part-time per diem public school employees who render at least 80 days of service in ...
Brown v. Board of Education (1954, school segregation of races) Engel v. Vitale (1962, state-sponsored prayers in public schools) Abington School District v. Schempp (1963, Bible readings and recitation of the Lord's prayer in U.S. public schools) Gideon v. Wainwright (1963, right to an attorney) Griswold v. Connecticut (1965, contraception ...