Many states are in similar poor financial status as Illinois. Ohio lawmakers are considering increasing both the teacher and district contributions to the pension system. Illinois legislature formed a Pension Committee that met last fall and increasing the contributions for members and districts was also discussed. As well as increasing the earliest age for members to enter retirement, adding maximum number of years that need to be worked to get the maximum benefit, capping the pension retirement benefit and various other proposals.
One thing is fairly certain, pension reform will happen and costs will increase to members and districts and benefits will decrease.
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