District Commits TRS Contributions Under 2025–2028 Pact
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Description
Prophetstown-Lyndon-Tampico CUSD #3 will contribute up to 9.4% of each teacher’s required payment to the State of Illinois Teachers' Retirement System under the 2025–2028 teachers’ agreement. This employer contribution is tied to teacher salaries and continues through the end of the 2027–2028 school year.
Contract Details
Contract Amount
Up to 9.4% of the amount due each teacher
Vendor
STATE OF ILLINOIS TEACHERS' RETIREMENT SYSTEM
Agency
Prophetstown-Lyndon-Tampico CUSD3, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 28, 2025
Contract Term
From execution on May 28, 2025 until 12:00 A.M. on the first day of the school calendar in the 2028-2029 term
Renewal Date
2028-08-01
Renewal Info
Employer contribution obligation runs concurrently with the 2025–2028 teachers’ agreement and will be subject to renegotiation for any successor agreement after the start of the 2028–2029 school term.
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