Under the newest Illinois retirement plan laid out by state Rep. Elaine Nekritz this week, all newly hired teachers would be put into a system that isn’t quite a the same pension they have now and isn’t quite a 401(k).
State Rep. Daniel Biss, an Evanston Democrat who conceived of the idea, explained how it would work — an important thing to know for thousands of would-be suburban teachers if it’s eventually approved.
Read the full Daily Herald story here.
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