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School districts still giving pension spiking raises, you're still paying for them

Jul 23, 2015

A law passed in 2005 was supposed to end the practice of pension spiking for teachers in which school districts granted large, end-of-career raises to educators as they neared retirement.

Under the new law, districts that granted raises of more than 6 percent were to pay the additional pension costs incurred by the higher salary.But the practice has continued.

For years, critics have complained that school districts grant excessive raises and, when penalized by the Illinois Teachers’ Retirement System, simply pass the cost onto property tax bills.

A Chicago Tribune investigation this week added…

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