Senate President

State News
7:08 am
Wed June 19, 2013

Senate hears pension reform proposal for university employees

As lawmakers began returning to Springfield Tuesday, they had a hearing to consider the merits of yet another pension proposal. This one is aimed just at people who work for Illinois' public universities. IPR'S Brian Mackey has more.

Illinois university employees would be asked to pay two percent more out of every paycheck. And when they retired, cost-of-living increases would be just half the rate of inflation, instead of the current three percent compounded annually.

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