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

Concealed/Carry Not a Problem for Most Cops

Fresh
siren

Cops always expect the unexpected

in Election 2014, Local

Central Illinois Teens Working as Election Judges

votesigns

Dozens of high school students in central Illinois will serve as election judges at the polls this Election Day.

in Election 2014, Local

Oberweis Ratcheting Up Campaign Efforts in Black Neighborhoods

oberweis

Republican U.S. Senate candidate Jim Oberweis says he’s courting black voters in a way that other Republicans haven’t in decades.

in Local

It’s Time for Spooky Stories

local_news_generic

A Rockford writer has spent years telling spooky stories for a living. “I consider myself to be a folk historian,”…