Thursday, August 21, 2008 East Central Illinois

Urbana schools retirement policy goes into effect immediately

By Amy F. Reiter
Wednesday, August 29, 2007 3:13 PM CDT

Like sprinters, the Urbana school board bounded through its first business meeting of the academic year, clocking in at only 12 minutes.

The meeting was long enough to approve a retirement policy backed by state law. The policy, which goes into effect immediately, states that teachers in their final year in the schools cannot earn more than 6 percent more than their regular pay unless the district pays part of that retirement income.

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