The “TRS IL Comprehensive Annual Financial Report for the fiscal year ending June 30, 2016” is now on-line
http://trs.illinois.gov/pubs/cafr/FY2016/fy16.pdf
pdf page 102 has active member data. Page 110 retirees
How is it fair that when a
teacher with 30 years of experience with average earning of $102,896/year
retires with an average starting pension of $68,556/year …
gets a 3% increase every year… COLA
while the new teacher who replaces her
averages less than $49,464/year* and
will have a tax increase to pay for the retirees COLA.
* $49,464 is the average for teachers with less than 5 years, new teachers are likely lower
It appears they have moved the reports. Found it at
https://www.trsil.org/financial/afrs/fy2016
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