Wednesday, April 23, 2014

Push to Fix Pension Bill Error

“When Illinois legislators finally pushed through a large and complicated pension reform bill last December, they generally agreed that revisions would be off-limits until the courts had a chance to rule on the constitutionality of their handiwork. Follow-up tweaks to bills are common, but lawmakers were wisely loath to reopen a bill that required so many deals and compromises to get done in the first place.

But one error in the bill is so serious and pressing that it must be fixed, and quickly. The error — a drafting mistake that set a key date in 2013 instead of 2014 as intended — would trim university pensions so severely that top professors might begin fleeing in droves before the end of June.” READ MORE

Title: “For sake of higher education, fix pension bill error now”
Author: Editorial Staff
Source: Chicago Sun-Times
Date Published: April 22, 2014

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