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

24 hours ago in Local

Granite City Man Convicted of Murder in 21-Month Old’s Death

gavel2

A Madison County jury deliberated for three hours Friday before finding 42-year-old John Holman III guilty.

1 day ago in Local

North Mac Elementary School Evacuated After Strange Odor was Detected

school house clip art

No gas or carbon monoxide leaks were detected but a new temperature control system was installed in the building.

1 day ago in Local

Lawmakers Honor Lincoln at Lincoln’s Tomb

2-12-16 Lincoln Tomb

Senator Dick Durbin, a Democrat, says a Republican like Abraham Lincoln is still someone for which we should place great honor.

1 day ago in Local

Grant Encourages Better Farm Conservation

farm

If you're a farmer in the 21st Century, you're probably hearing about - if not practicing - "precision farming." And that extends to conservation practices, too.

2 days ago in Local

Rauner to Close Juvenile Prison

juvenile justice

Gov. Bruce Rauner's administration says it will close the youth correctional facility in Kewanee, near Peoria and the Quad Cities.