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CPS Teachers Sue Board of Ed over Pension

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    CPS Teachers Sue Board of Ed over Pension

    Mayor Rahm Emanuel and his education board just got handed another teachers' hurdle: a lawsuit.

    Chicago teachers' pension and retirement board has sued the city's Board of Education, alleging in a lawsuit filed Wednesday the district shorted the fund $32.5 million of the state-mandated amount.

    The fund should have been paid $198 million this year, according to the Chicago Sun-Times, but it received only $165.6 million by the end of the 2011 fiscal year.  

    According to the suit filed in Cook County Circuit Court, pension accounts for public school teachers across the state have been short.

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    An attorney for the plaintiffs told the Chicago Tribune the Board of Education is obligated by statue to submit payments by June 30.

    The suit asks the school board to pay the remaining amount with interest, as well as court costs and legal fees.