Universities offer partial Illinois pension fix
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.