Comment on ISBE contributes to pension spiking for retirees

ISBE contributes to pension spiking for retirees

In only four years, the Illinois State Board of Education itself cost taxpayers an additional $592,619.69 in penalties because of end-of-career pension spiking for retiring staff. Pension spiking is a practice of increasing government employees’ salaries in the final few years of their careers to boost how much they will receive in retirement.

 

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