District 300 Pays Big Money for Early Teacher Retirement

Jake Griffin reports in the Daily Herald about mandatory payments by school districts for final year teacher raises in excess of 6 percent per year.  Here’s what was written about Algonquin’s District 300 Unit School District:

From 2015 through 2017, taxpayers in six suburban school districts had to pay more than $100,000 in penalties for pension obligations created by raises for educators in excess of 6 percent…during those three years as a result of raises topping 6 percent a year for nearly 100 employees, according to the analysis. Algonquin-based Community Unit District 300 paid $312,949…

District 300 officials said they have made a concerted effort to reduce penalty payments in recent years.

District 300 paid $194,171 in penalties in 2014 after two previous years of six-figure payments. In 2015, the district paid $189,203 in penalties, then dipped to $94,362 in 2016, but only had $29,384 in penalties in 2017, according to the analysis.

Spokesman Anthony McGinn said stipends for coaching or other extracurricular activities often pushed the pay raises above 6 percent.

“The decreasing amount is an intended strategy and part of our negotiation process,” McGinn said. “The district has taken steps to significantly reduce overload pay through contract negotiations.”

The penalties essentially shift some of the pension burden back to the schools that created it, proponents said.

The payments by District 300 taxpayers for the last three years follow:

  • 2015 – $189,202.87
  • 2016 – $94,361.61
  • 2017 – $29,384.18

Comments

District 300 Pays Big Money for Early Teacher Retirement — 14 Comments

  1. Our property taxes skyrocket and these boards hand out raises. When will folks with mortgages just start walking away?

  2. The percentage of homes with negative equity is staggering, even with generous appraised valuations. No doubt as Illinois continues to financially decline, voluntary and non voluntary foreclosures will increase substantially. In the meantime people will put less money into their properties knowing it is a losing proposition. If pension reform is not achieved in time you will have vacant subdivisions and homes bulldozed under because of excess supply and mortgagees in title not wanting to pay real estate taxes on homes that have no chance of selling.

  3. All my libertarian compassionate conservative friends want is “reform.” Yep! Stay tuned…tic, tock, tic, tock, tic, tock…

  4. You ain’t seen nothin’ yet, just wait until Jumbo Boy takes over.
    And make no mistake about it, he WILL be taking over from
    RINO Rauner, “worst governor in the country”.

  5. Why do teachers need any increase in salary in their final year? They should be told that they are lucky to have jobs.

  6. Perhaps the 3% compound increase they get every year on the pension schemes just isn’t enough to live on.

  7. After about ten years or so on the job, teachers shouldn’t get any raises at all other than cost of living increases.

    In the real world, you don’t get big raises for just being there a long time, you get raises when you take on more responsibilities.

    Step increases are a scam on the taxpayers; they exist for the purpose of maximizing pensionable income.

  8. When will a board anywhere in Illinois just say no to teachers’ excessive demands for an across the board salary increases? If the teachers then strike, fire them.

  9. Dear casual sunshine blog reader (if there is any left around in the vast cyberspace): do not be discouraged by the disparaging nonsensical comments of these compassionate conservative reactionary lonely souls with regards to public education teachers. The overwhelming majority of people in our county, state, and country continue to appreciate and value public education teachers and the difficult work they do under increasingly challenging circumstances. They write about things like “the real world”, “a real job” reflecting how they sadly fell as pray of the narrative blaming their middle class peers for their own misery, instead of looking higher in the economic ladder at the rich and powerful who continue to crush the economic aspirations of most of the population with economic forces of oppression and political forces of confusion. See a public school teacher? Thank and hug a public school teacher! Stay tuned…tic, tock, tic, tock, tic, tock, meow, meow, meeeeeoooooowwwwwwwww…

  10. Why does the title say anything about early retirement? The post isn’t about early retirement.

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