pension law

State Week
2:24 pm
Fri May 16, 2014

Listen To State Week - May 16, 2014

Credit Dan LoGrasso / WUIS

This week the Illinois House passed a spending bill that surpasses projected state revenues, leading to more debate over allowing the temporary income tax to expire.  Also, judicial action has put the state's pension overhaul on hold.

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Pensions
12:49 am
Tue May 13, 2014

Deal Reached On University Pensions

Gov. Pat Quinn signs the pension overhaul, known sometimes as Senate Bill 1, into law in December, 2013.
Credit Harvey Tillis / Illinois Information Service

Even as the "We Are One" broad coalition of unions seeks to prevent any of the pension law from taking effect next month, a new agreement would prevent parts of it from being implemented.

It mostly affects university and community college employees nearing the end of their careers.

The deal, between the State Universities Annuitants Association and the attorney general, could put a stop to a surge of retirements at Illinois' public universities.

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