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Carbondale Reporter

Wednesday, April 24, 2024

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

Test 01

Out of school districts in Carbondale, Carterville Community Unit School District 5 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.

Carbondale pensions spiking penalties, 2005-present

Rank
District
City
Members
Amount Assessed
Payments Made
Waivers Granted
Written-off
Current Balance
1
Carterville Community Unit School District 5
Carterville
19
$181,178.92
$87,232.54
$93,946.38
2
Williamson Cnty Spec Educ
Marion
54
$154,435.27
$73,682.40
$80,726.62
$26.25
3
Carbondale Elementary SD 95
Carbondale
33
$121,133.32
$67,121.03
$53,996.94
$15.35
4
Unity Point School District 140
Carbondale
8
$87,011.32
$31,246.91
$55,764.41
5
Marion Community Unit School District 2
Marion
30
$191,613.89
$29,995.12
$161,608.76
$10.01
6
Trico Community Unit School District 176
Campbell Hill
13
$60,913.00
$22,424.90
$38,488.10
7
Carbondale Community High School District 165
Carbondale
11
$61,775.83
$21,813.34
$39,961.30
$1.19
8
Desoto CCSD 86
Desoto
3
$21,062.75
$21,062.75
9
Murphysboro Community Unit School District 186
Murphysboro
14
$50,717.23
$17,580.20
$33,136.55
$0.48
10
Tri-County Spec Educ Coop
Murphysboro
16
$19,151.61
$17,557.42
$1,593.38
$0.81
11
Giant City Community Consolidated School District 130
Carbondale
3
$26,387.28
$15,650.86
$10,736.29
$0.13
12
Herrin Community Unit School District 4
Herrin
25
$163,071.35
$14,347.02
$148,723.23
$1.10
13
Elverado Community Unit School District 196
Elkville
2
$4,990.45
$4,990.25
$0.20
14
Regional Office of Educ 21
Marion
2
$4,794.35
$4,794.35
15
Tri-County Special Education
Lexington
2
$517.22
$517.22

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