Article
Illinois Public Universities Construct Pension Plan
Kurt Erickson
Analysts at the University of Illinois Institute for Government & Public Affairs have developed a plan to address the state’s public universities pension concerns. The proposed plan would require state university employees to contribute an additional 2 percent of their checks toward retirement benefits. Once the employee retires they will receive cost-of-living adjusts tied to the rate of inflation. The plan was unanimously endorsed by Illinois public university presidents and chancellors. The plan now goes through the state’s approval process.
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