retirement

Pensions
6:43 am
Thu June 26, 2014

Teacher Pension Fund Lowers Expected Investment Return; State's Obligation To Grow

Originally published on Wed June 25, 2014 11:03 am

  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.

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1st Alumnus to Lead College
2:55 pm
Sat November 16, 2013

C-SC President to Retire in 2014

C-SC President Dick Valentine

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

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Bill Knight - May 24
5:05 pm
Wed May 23, 2012

Ready for Retirement

Bill Knight

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.

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Reuschel will stay on one more year.
12:40 pm
Tue May 22, 2012

Macomb School Superintendent to Retire

Dr. Alene Reuschel

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.”

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Possible pension cuts led to decision
3:07 pm
Thu May 17, 2012

B-PC School Superintendent to Retire

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.

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