Illinois SB2599 appropriates funds for teacher retirement contributions and health insurance for the fiscal year beginning July 1, 2025.
Illinois SB2599 allocates funds from various state accounts to support teacher retirement contributions and health insurance. It appropriates $6,495,517,664 from the Common School Fund and $123,195,074 from the General Revenue Fund to the Teachers' Retirement System of the State of Illinois. Additionally, it allocates $346,838,000 from the Common School Fund to the Public School Teachers' Pension and Retirement Fund of Chicago.
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- Legal Framework
- Critical Issues
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