All pension

Dollar signs with $100 bill illustration on the front

April 15, 2014

Many confused by potential effects of pension changes

New law takes effect June 1, reduces benefits for some employees

Twenty-dollar bill stuffed in a nest

February 4, 2014

Forum considers impact of new pension law

Greatest effect: retiree’s automatic annual increase

hands protectively holding a piggy bank

January 23, 2014

Trustees: seek options to protect employee retirement benefits

University will look for options to address changes in pension law

money folded up and placed in a nest

January 14, 2014

Questions remain after passage of pension law

Constitutionality, savings of new law under examination

close up of a $20 bill

December 6, 2013

Governor signs pension changes for state employees

Law likely to be challenged in court, university leaders say

Dollar signs with $100 bill illustration on the front

June 4, 2013

Lawmakers leave without pension reform

Without fiscal plan, state must make difficult decisions, economist says

dollar signs

May 23, 2013

SURS Retirement Seminar

Topics include service credit, qualifying for insurance and return to employment

Hundred-dollar bills spiraling into a vortex

May 7, 2013

Lawmakers hammer out pension changes

UI lobbyists say lawmakers may be near agreement after years of debate on $100 billion shortfall

Hundred-dollar bills spiraling into a vortex

April 14, 2013

Public university leaders endorse pension plan

Proposal includes greater employee contributions, linking COLA to consumer price index.

dollar sign

December 12, 2012

Pension system suffers ‘systematic underfunding,’ lobbyists say

The problem with the state pension system isn’t the amount of benefits state retirees receive, but the way the system has been funded since the 1930s, two lobbyists told UIC faculty members Friday.

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