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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 Chicago Teachers Union ( CTU) is a labor union that represents teachers, paraprofessionals, and clinicians in the Chicago public school system. The union has consistently fought for improved pay, benefits, and job security for its members, and it has resisted efforts to vary teacher pay based on performance evaluations.
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]
Fox local. Dane Placko. May 28, 2024 at 3:48 PM. CHICAGO - Chicago Public Schools (CPS) CEO Pedro Martinez is offering a preview of next year’s budget, highlighting a major shift in how school ...
A contingent of Chicago Teachers Union members took a paid day off today, traveling from Chicago to Springfield to ask for the entire $1 billion, saying the state has underfunded CPS for years.
The Ontario Teachers' Pension Plan Board ( French: Régime de retraite des enseignantes et des enseignants de l'Ontario) [5] is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario. Ontario Teachers' also invests the plan's pension fund and it is one of the ...
The State Teachers Retirement System of Ohio is the state's second largest public pension fund and oversees about $90 billion invested on behalf of 500,000 teachers and retirees.
CalSTRS.com. The California State Teachers' Retirement System ( CalSTRS) provides retirement, disability and survivor benefits for California's 965,000 prekindergarten through community college educators and their families. [1] CalSTRS was established by law in 1913 and is part of the State of California's Government Operations Agency.
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