Study Criticizes University Pension Proposal



The authors of a new study say a proposal to fix Illinois' nearly $100 billion pension crisis would undermine the retirement security of public employees and make it tougher for schools to attract qualified teachers.
 
The study released Wednesday was co-authored by an associate professor at the University of Illinois at Chicago and the director of the Keystone Research Center, a labor-affiliated research group.
 
It analyzes a plan backed by several Illinois university presidents.
 
The plan is one being considered by a bipartisan conference committee trying to address the pension problem. But committee members have said it's just a framework for their discussions and will likely be tweaked.
 
The study says the plan cuts cost-of-living increases so significantly it will be difficult for some retirees to make ends meet.

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

Filed Under :  
Topics : Business_FinanceLaborSocial Issues
Social :
Locations : Illinois
On-Air Now
Local Weather
Archive
  Powered By InterTech Media, LLC