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 Local

September Felt Warm, Didn’t It?


That's because it WAS warm

in Local

Civil War Tech


New program at ALPLM

in Local

Something Different: A Special Election for Comptroller


Munger, appointed a year ago, must run statewide in 2016 to keep her job

in Local

The Color Show Is Coming


Wherever you are, the best of it lasts about two weeks

in Local

You Need More Sleep!


7-9 hours recommended for most of us