Illinois officials will gather financial information from the state’s more than 800 school districts over the next two weeks to understand how shifting pension costs away from the state would affect those districts.
“The more facts we could gather regarding what the impact would be on school districts,” Gov. Pat Quinn said, “it would be very important facts we should know.”
The governor initially supported shifting the cost of future pensions for downstate teachers and university workers to school districts and universities but backed away as the legislative session waned.
State and university employees and public school teachers will have to accept lower cost-of-living adjustments in retirement or see future pay increases not count toward pensions under sweeping changes to the state pension system approved this morning by an Illinois House committee