SB 2627

Abstract

Amends the Downstate Teachers Article of Illinois Pension Code. Specifies that the provision that requires an employer to make an additional contribution to the System for certain salary increases greater than 6% excludes salary increases necessary to bring a school board in compliance with the changes to the minimum salary provisions of the School Code under the amendatory Act. Amends the Employment of Teachers Article of the School Code. In provisions concerning the minimum salary, provides that the minimum salary shall be $50,000 for the 2024-2025 school year, $55,000 for the 2025-2026 school year, and $60,000 for the 2026-2027 school year. Provides that the Commission on Government Forecasting and Accountability shall certify and publish the minimum salary rate to be used for the 2027-2028 school year (rather than for the 2024-2025 school year) no later than September 30, 2026 (rather than September 30, 2023); makes conforming changes.