News

Illinois Lawmaker Proposes Fix To Pension Overhaul

Illinois Lawmaker Proposes Fix To Pension Overhaul

Photo: Newsradio WTAX/examiner.com

SPRINGFIELD, Ill. (AP) — The Illinois Legislature is considering fixing a portion of a statewide pension overhaul that unwittingly takes a year of benefits away from university employees.

Higher education officials say a mistake in the legislation passed by lawmakers in December is causing hundreds of university employees to retire earlier than anticipated.

The bill currently calculates a retiring university employee’s benefits as of last year instead of this year.

State Rep. Chad Hays is a Catlin Republican. He filed legislation on Tuesday that would base benefits on retirement as of June 30 instead of in 2013.

Hays calls the legislation a “very minor technical correction.”

He says he wants to make sure the pension overhaul does not cause “a stampede toward the door” of retirees.

Recent Headlines

in Music, Weird

Bret Michaels doesn’t need your bank account info

bretmichaels

The Poison singer is warning fans about a bizarre new scam.

in Entertainment

‘Dukes of Hazard’ recording Christmas album

dukes

Good ol' boys John Schneider and Tom Wopat have teamed up to record a new holiday album.

in Entertainment

Hilary Swank, Miranda Lambert to front ‘Dog-a-Thon’

swank

LeAnn Rimes, Betty White, Scarlett Johansson, Josh Duhamel, and Kesha are among those set to appear on a "Dog-a-Thon."