The Illinois Teachers' Retirement System says it expects a lower return on its pension investments in the next year. That means the state will have to cover more of the cost of teacher pensions.

TRS says it's still a good assumed rate of investment return at 7.5 percent. That falls in line with similar pension systems nationwide. But it's not as profitable as 8-percent, which TRS had been using for the previous few years.

C-SC President to Retire in 2014

Nov 16, 2013

Culver-Stockton College President Dick Valentine says he will retire, effective June 30, 2014.

Ready for Retirement

May 23, 2012

If you want sure-fire compliments, the choices are pretty much a) retire or b) die. Highly recommended: a).

When you retire you don’t hear from people who think you’re a fool or a boob, and a party especially is nice – like a visitation only you’re there. And alive.

Macomb School Superintendent to Retire

May 22, 2012

The Macomb School District will soon begin the search for a new superintendent. Dr. Alene Reuschel will retire next year.

She seriously considered retirement this year after the governor proposed cutting pension benefits for educators.  However,  she decided she had too much work left to do.

She said, “We're right at the brink of doing some really fantastic things here, not only in Macomb, but just in education we're just at the very cusp of what we're going to see.”

B-PC School Superintendent to Retire

May 17, 2012

Bushnell-Prairie City School Superintendent David Messersmith will retire a year earlier than he wanted.

Other educators around the region are facing similar decisions.

He reconsidered his plans once Governor Pat Quinn proposed a number of changes to state pensions plans including reducing benefits for retirees.  Messersmith hopes to “lock-in” his benefits under the current pension rules. He thinks the state will suffer a  “brain drain” as other educators come to the same conclusion.