News

Illinois Lawmaker Proposes Fix To Pension Overhaul

Illinois Lawmaker Proposes Fix To Pension Overhaul

Photo: Newsradio WTAX/examiner.com

SPRINGFIELD, Ill. (AP) — The Illinois Legislature is considering fixing a portion of a statewide pension overhaul that unwittingly takes a year of benefits away from university employees.

Higher education officials say a mistake in the legislation passed by lawmakers in December is causing hundreds of university employees to retire earlier than anticipated.

The bill currently calculates a retiring university employee’s benefits as of last year instead of this year.

State Rep. Chad Hays is a Catlin Republican. He filed legislation on Tuesday that would base benefits on retirement as of June 30 instead of in 2013.

Hays calls the legislation a “very minor technical correction.”

He says he wants to make sure the pension overhaul does not cause “a stampede toward the door” of retirees.

Recent Headlines

in Local

Crash Kills Girl, 17

police_lights

Springfield teen dies after Riverton crash

in Local

Madigan Files Pension Appeal

state_capitol_3

Attorney General Lisa Madigan has filed official notice with the Supreme Court that the state will appeal a ruling that Illinois' landmark pension overhaul is unconstitutional.

in Local

Chicago Couple Sues Aviation Company Over Crash

local_news_generic

A Chicago couple is suing the owner of a small cargo plane that crashed into their home.

in Local

$4.5 Million Headed To Illinois Food Banks; Springfield Included

foodbank

The state is giving nearly $4.5 million to eight food banks across Illinois for modernization.