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Kankakee Times

Wednesday, April 24, 2024

Records show how much Kankakee County school districts have paid for spiking teacher pensions ahead of retirement

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Out of school districts in Kankakee County, Kankakee School District 111 paid the most in penalties since 2005 for spiking employee salaries to boost outgoing teachers' retirement benefits, according to data obtained from the Teachers Retirement System of Illinois.

A 2005 law put the penalties in place to discourage districts from giving costly raises - any above 6 percent - that result in costlier pensions. While salaries are paid by districts, the state foots the bill for educators' retirement benefits.

Illinois penalizes districts for "pension spiking" by passing on the extra pension costs associated with hiking salaries in the years leading up to retirement.

Since 2005, the state has assessed more than $161 million in penalties, according to TRS data.

Kankakee County pensions spiking penalties, 2005-present

Rank
District
City
Members
Amount Assessed
Payments Made
Waivers Granted
Written-off
Current Balance
1
Kankakee School District 111
Kankakee
48
$136,124.74
$115,234.25
$20,882.47
$8.02
2
Bradley Bourbonnais Community High School District 307
Bradley
16
$137,546.78
$51,442.67
$86,103.70
$0.41
3
Herscher Community Unit School District 2
Herscher
23
$113,736.27
$50,446.42
$63,289.13
$0.72
4
Iroquois West Community Unit School District 10
Gilman
18
$41,587.50
$41,584.72
$2.78
5
Bourbonnais Elementary School District No. 53
Bourbonnais
23
$38,071.23
$38,061.52
$9.71
6
Shapiro Developmental Center
Kankakee
5
$52,396.18
$36,178.24
$186.10
$16,031.84
7
Pembroke Community Consolidated School District 259
Hopkins Park
4
$60,035.09
$25,761.55
$9.09
$34,264.45
8
Momence Community Unit School District 1
Momence
10
$37,899.01
$20,908.48
$16,988.49
$2.04
9
Iroquois Spec Educ Association
Crescent City
9
$15,093.06
$15,089.34
$3.72
10
Bradley Elementary School District 61
Bradley
23
$12,287.64
$12,254.53
$33.11
11
St. George Community Consolidated School District 258
Bourbonnais
4
$8,285.48
$8,283.76
$1.72
12
Central Community Unit School District 4
Ashkum
7
$7,828.32
$7,828.32
13
Kankakee Area Career Center
Bourbonnais
1
$7,259.60
$7,259.60
14
Manteno Community Unit School District 5
Manteno
12
$45,767.84
$4,490.34
$41,276.80
$0.70
15
Grant Park Community Unit School District 6
Grant Park
16
$4,450.03
$4,442.86
$7.17
16
Iroquois County Community Unit School District 9
Watseka
13
$58,352.86
$4,197.26
$54,145.58
$10.02
17
Milford Area Public Schools District 124
Milford
13
$46,996.23
$2,920.71
$44,073.16
$2.36
18
Crescent - Iroquois CUSD 249
Crescent City
4
$1,599.65
$1,599.53
$0.12
19
St. Anne Community High School District 302
St Anne
3
$23,500.19
$1,357.87
$22,140.80
$1.52
20
Cissna Park Community Unit School District 6
Cissna Park
7
$1,310.73
$1,307.43
$3.30
21
Iroquois-Kankakee Cntys ROE
Kankakee
9
$90.63
$90.63

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