News

University Retirees Group Gets Delay in Pension Changes

University Retirees Group Gets Delay in Pension Changes

Photo: Associated Press

A group that lobbies to avoid cuts in higher-education employees’ pensions and the Illinois Attorney General’s office have reached a deal that would push the start of pension reform for community college and university workers back until July 2015.

The State Universities Annuitants Association said Tuesday that its deal with the Illinois Attorney General’s office would give more time to higher education employees who had been considering retiring before the new state pension law begins in June to avoid cuts. A Sangamon County judge still must approve the deal.

Lawmakers agreed last year on a pension law to help deal with a $100 billion shortfall in pension obligations. University of Illinois spokesman Tom Hardy says the extra time university employees would have to weigh their options would be helpful.

Recent Headlines

in Election 2014, Local

African-American Pastors Endorse Rauner

Illinois Republican gubernatorial candidate businessman Bruce Rauner participates in a Republican gubernatorial candidate debate Tuesday, Feb. 18, 2014, in Springfield, Ill. The four Republican gubernatorial candidates said that they’ll be willing to work with unions if elected but differed on how to approach the relationship during a downstate debate that largely focused on pension reform, taxes and just briefly on personal issues that have dogged some of the candidates.

More than a dozen pastors of predominantly African-American congregations are endorsing the Republican candidate for governor.

in Local

Ameren Threatens $20 Monthly Fee for No Smart Meters

Ameren+Illinois+Utilities+logo

Ameren Illinois says customers who refuse to have an electricity meter installed will see an additional $20 monthly fee on their bills.

in Local

Pizza Delivery Driver Robbed on East Side

gun

A pizza delivery driver was uninjured when he was robbed by three assailants over the weekend.

in Local

Man Charged in Connection With Pipe Bomb; Armed Bank Robbery

BRADFORD MOSS

Bradford Moss is charged with Possession of Explosives or an Incendiary Device and Attempt Theft.

in Local

Illinois Is Not Gaining Ground on Poverty

poverty

Census says numbers are stagnant