Thursday, May 18, 2006

Post-retirement Increases for Teachers and Administrators.

Post-retirement Increases
Annuitants annually receive 3 percent increases in their annuities. The first annuity increase occurs on January 1 following the first anniversary in retirement or the attainment of age 61, whichever is later. The first increase includes 3 percent for each year the member has been in retirement.

Source State of Illinois government.

Did you know teachers and adminstrator assocations oppose reform of the social security system?

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