University Cost Shift



State universities and community colleges have agreed to gradually pick up their own retirement costs under a preliminary deal that emerged at a public hearing.
 
Southern Illinois University President Glenn Poshard was among those testifying Thursday. 

We spoke with Poshard Thursday morning.
 

 
After meeting with House Speaker Michael Madigan, several higher education leaders said they'd pay half of 1 percent of retirement costs each year starting fiscal year 2015.
 
Illinois pays pension costs for public universities, community colleges and most school districts. Shifting that cost to schools has been controversial. Opponents say it'll raise property taxes.
 
The schools issue isn't in either of two pending pension bills. Madigan says he expects lawmakers to address it before adjournment.
 
Madigan says more discussion is set for next week, including if the same deal will apply to school districts.

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

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