The Continuing Story of Illinois Teacher Retirement… Things are beginning to look even worse for Illinois teacher retirement. Not just for current teachers looking to the future and a potentially diminished retirement but it is starting to look like teachers who have already retired may be facing some form of reduction in pension benefits. This ...…
In his continuing quest to balance the Illinois budget and start cutting into the massive debt of the state, Governor Pat Quinn continues to look at ways of reducing benefits for Illinois teacher retirement as a way of cutting costs. Quinn has put together a commission that will look at cutting the state’s contributions to ...…
Watch this short video (click the apple below) to learn some critical information about 403(b) Retirement Accounts & How to Secure a Comfortable Retirement as an Illinois Teacher: If you have a Fixed or Variable Annuity 403(b) account, then you need to watch this video that could Save Your Retirement. Get access by entering ...…
Governor Pat Quinn had a recent press conference where he unveiled his budget proposal, which included cuts to Illinois teacher retirement benefits. The proposal was filled with budget cuts, budget cuts, and then some more budget cuts. At the same time, he stated that every potential solution is “on the table”. From the most basic ...…
As I wrote in a previous post, Governor Pat Quinn wants to make some cuts of Illinois Teacher Retirement benefits by eliminating state health insurance contributions for retired school teachers and state community college professors. Quinn revealed his budget proposal last week in the hopes that the budget changes would result in Illinois being ...…