Somonauk Community Unit School District 432
Recent News About Somonauk Community Unit School District 432
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Somonauk Community Unit School District 432 placed on financial "Recognition" list by state board of education
The Illinois State Board of Education (ISBE) has placed Somonauk Community Unit School District 432 on its financial "Recognition" list.
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Somonauk CUSD 432 holds $7.9 million in long-term debt
Somonauk Community Unit School District 432 has $7,859,214 in debt, according to Illinois State Board of Education 2016 financial reports obtained by the DeKalb Times.
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Former state school employee Stepan paid in $9K to teachers' pension fund, could collect $167K in retirement
Former state school employee Joan Stepan, who retired in June 2017, saved $9,191 toward a pension over 5 years working for public schools, Teachers' Retirement System of the State of Illinois records show.
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Former state school employee Derber paid in $94K to teachers' pension fund, could collect $1.69M in retirement
Former state school employee Melody Derber, who retired in May 2017, saved $93,699 toward a pension over 29 years working for public schools, Teachers' Retirement System of the State of Illinois records show.
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Former state school employee Whalen paid in $65K to teachers' pension fund, could collect $1.05M in retirement
Former state school employee Lois Whalen, who retired in May 2016, saved $65,382 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.