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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 (http://tinyurl.com/n2bpvw4 ) 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 (http://tinyurl.com/kvsgrx6 ) it could be a model for a comprehensive solution.


The bill is SB2591.

Online: http://www.ilga.gov

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