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How Pensions Are Funded

.58% Paid by District. 8.4% Owed by State of IL. How Pensions Are Funded. TRS Pension Fund. 9.4% Paid by Teachers or district. Retirement Checks to Retirees. District 129. District 131. A Cost Shift for Aurora:. $335,000 (Per Year). $320,000 (Per Year). X 16 (Years).

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How Pensions Are Funded

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  1. .58% Paid by District 8.4% Owed by State of IL How Pensions Are Funded TRS Pension Fund 9.4% Paid by Teachers or district Retirement Checks to Retirees

  2. District 129 District 131 A Cost Shift for Aurora: $335,000 (Per Year) $320,000 (Per Year) X 16 (Years) X 16 (Years) $5.35M $5.12M Conservative estimates assume no pay raises for teachers

  3. What is a Cost Shift? .58% Paid by District .5% for next 16-18 years shifted back to school districts 8.4% Owed by State of IL TRS Pension Fund 9.4% Paid by Teachers Retirement Checks to Retirees

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