District Contributes to Teacher Retirement System for Bajmakovich
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Description
The District will make employer contributions to the Illinois Teacher Retirement System on behalf of Laura Bajmakovich, covering her required member share (up to 11% of salary) during her 2026-2027 employment term.
Contract Details
Contract Amount
Up to 11% of $86,000 annual salary (Board-paid member contribution)
Vendor
ILLINOIS TEACHER RETIREMENT SYSTEM
Agency
Lyons SD 103, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
July 1, 2026 – June 30, 2027
Renewal Date
2027-06-30
Renewal Info
Paid annually, renewable with continued employment contract or new agreement.
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