University Cost Shift



State university employees would pay more toward their pensions and receive annual retirement-pay increases tied to inflation in a reform plan the Senate president supports.
 
The plan would also shift the employers' portion of pension payments from the state to universities and community colleges over a dozen years.
 
Senate President John Cullerton will conduct a hearing on it tomorrow as lawmakers return to Springfield for a special session to deal with a nearly $100 billion pension debt.
 
SIU President Glenn Poshard says it could be a model for a comprehensive solution.
 
The bill is SB2591.

(Copyright 2013 by The Associated Press. All rights reserved.)

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