Tuesday, April 1, 2014

Pension Confusion Persists

"Senior UI employees who are considering retirement face a dearth of information about their state pensions.

Uncertainty over state financial support and pension reform make for trying times at the University of Illinois and other campuses across the state.

Of immediate concern is pension reform, which is roiling the UI campus now. The pension reform bill passed by the General Assembly last December takes effect June 1 and affects everyone covered by the State Universities Retirement System, as well as four other state pension systems, but is most pressing for senior faculty and staff members who soon need to make decisions on whether to stay or retire by June 30, the end of the fiscal year." READ MORE

Title: "Pension confusion reigns"
Author: The News-Gazette
Source: The News-Gazette
Date Published: March 23, 2014

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