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 ...…
The TRS or teacher’s Retirement Benefit (Illinois) offers benefits to teachers serving in public schools throughout the state. These benefits also extend to other certified personnel apart from employees from Chicago city. Supported by the state, this system provides retirement annuities, disability payments and survivor benefits to its members. Ultimate goal The end purpose of ...…
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 ...…