Retirement worries

Published 10/30 2012 05:22PM

Updated 10/31 2012 11:46AM

SPRINGFIELD -- Future teachers are trying to stay positive about pensions, after some state leaders say, one day, there might not be any to give out. The State's Teachers Retirement System is warning its pension fund could dry up if lawmakers can't find a fix soon.

TRS says people who are currently teachers have nothing to worry about. It's the next class of them who could feel the pain in all of this.

The system's board of trustees says it doesn't think the state can make its payments into the pension system. Next year alone, the bill is about $3.5 billion. But, under the Illinois constitution, lawmakers have to put that money in, no matter what.

Still, TRS says there needs to be some sort of reform. Student-teachers are trying to stay optimistic through all this while their futures hang in the balance. One idea involves making local school districts pay more so the state can pay less, but Governor Quinn says there won't be any pension deals until after next week's election.

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