A recent report shows Illinois is facing a teacher shortage. But changes to teachers’ pensions — including cutbacks on the state’s share of contributions — spells uncertainty for anyone going into the profession.
When the Illinois General Assembly approved a budget last summer, they also agreed to cut back on about $500 million to the state's pension system. This might sound like a good idea if the money is allocated to pay for other needs in the immediate future. For teachers, however, it means the state might not be able to cover their pensions.