Law fails to stop Illinois schools from fattening pensions

CHICAGO (AP) — A report says despite a 2005 law that was set up to prevent many Illinois school districts from using large pay raises to increase the pensions of retiring teachers, many districts continue to do so.

No specific districts were cited in the report, however it said a review of pension and salary data showed that hundreds of districts have continued to shell out large raises to educators approaching retirement, despite financial penalties imposed under the law and that fact that many districts are in debt and the state is grappling with a public employee pension crisis.

One retiree in northern Illinois reportedly received $288,000 in pensions each year.