Mostly Cloudy
68°FMostly CloudyFull Forecast

Universities offer partial Illinois pension fix

Published: Sunday, June 16, 2013 12:12 p.m. CDT • Updated: Sunday, June 16, 2013 12:18 p.m. CDT

SPRINGFIELD, Ill. (AP) — Illinois university employees would pay more toward their pensions and receive annual retirement-pay increases tied to inflation in a reform plan the Senate president supports.

The Springfield bureau of Lee Enterprises newspapers ( ) reports the plan would also shift the employers' portion of pension payments from the state to universities and community colleges over a dozen years.

Spokeswoman Rikeesha Phelon said Sunday that Senate President John Cullerton would conduct a hearing on it Tuesday as lawmakers return to Springfield for a special session to deal with a nearly $100 billion pension debt.

Glenn Poshard is president of Southern Illinois University. He told The (Carbondale) Southern Illinoisan ( ) it could be a model for a comprehensive solution.


The bill is SB2591.


Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Northwest Herald.

Reader Poll

How far are you traveling for Memorial Day weekend?
More than 100 miles
50-100 miles
Less than 50 miles
Not traveling