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

DeWitt Co. Settlement OK’d in Dispute to Put Toxic Waste Over Aquifer

water

DeWitt county has approved a settlement with a landfill company.

in Local

Kankakee Co. Sheriff Describes Security Lapses that led to Inmate Escape

inmate_exiting_kamron_taylor

Sheriff Tim Bukowski says investigators found no inmate count had been done.

in Local

House Approves Springfield High Speed Rail Oversight Act

high speed rail

An attempt to make sure fair hiring practices are implemented on Springfield's high speed rail 10th street consolidation project is moving forward.

in Local

Rauner Admin. Plans $106 Million in Medicaid Cuts

medicaid

Cuts to Medicaid will make up about one-third of the $300 million in spending reductions by Gov. Bruce Rauner's office

in Local

Butler: Future of $26M in Social Service Funding Unknown

Budget Cuts

State Representative Tim Butler says who knows if that $26 million Governor Bruce Rauner is holding from a number of state social service programs will be restored or not.