Steven Cunningham

Stabilization is the goal
10:27 am
Mon April 2, 2012

Group Says Pension Fund Doesn't Need Massive Reform

Steve Cunningham

A public policy group at the University of Illinois says the State University Retirement System (SURS) needs to be stabilized but not reformed.

The Institute for Government and Public Affairs proposal includes contributions from universities to the fund for the first time. The plan calls for universities to phase-in their contributions until they reach 3% in the third year.

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