ED, new teacher contract [D91]
The Forest Park Review (Cam Wigton) covers the new District 91 teacher contract.
Gov. Blagojevich deserves some credit for reducing the state's pension liabilities. The end of careeer raises are limited to 6%.
The system bases the pension package on the teacher's last three years salary. Before the Blagojevich reforms local districts could give absurdly large raises in the final years of the contract and the state pension system would have to pay inflated pensions.
Blagojevich made it so the state wouldn't be responsible for pension costs above 6% pay increases. The new D91 contract limits end of career raises to 6%.
Good job, G-Rod.
Gov. Blagojevich deserves some credit for reducing the state's pension liabilities. The end of careeer raises are limited to 6%.
The system bases the pension package on the teacher's last three years salary. Before the Blagojevich reforms local districts could give absurdly large raises in the final years of the contract and the state pension system would have to pay inflated pensions.
Blagojevich made it so the state wouldn't be responsible for pension costs above 6% pay increases. The new D91 contract limits end of career raises to 6%.
Good job, G-Rod.
posted by Carl Nyberg at
9:59 AM
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