Retired Illinois teachers received a collective $900 million bump above their original pension benefits last year. These “cost-of-living adjustments” amounted to 21.3 percent of the $4.2 billion total retirement benefits paid to 101,288 former educators from around the state, officials from the Illinois Teachers’ Retirement System reported. That’s up from 18 percent of the total teacher pension payout just five years ago.
How Illinois teachers got $900 million more in benefits
June 6, 2012 By