SURS

Employee Signed Retirement Commitment
10:32 am
Thu May 15, 2014

Pension Delay Comes Too Late For Some WIU Employees

Credit 401(K)2012 / Flickr Creative Commons

The implementation of Illinois’ pension reform has been delayed by an injunction issued by a Sangamon County Judge.

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Spring Session Ends
11:19 am
Fri June 1, 2012

Illinois Budget Approved; Pension Reform Lingers

The Illinois Capitol building

Illinois lawmakers worked 90 minutes overtime to complete work on the new state budget. But they still have not addressed concerns with the state's pension system.

The Budget

The  Democratic budget imposes cuts throughout state government. But Republicans say the high spending levels mean the temporary income tax increase will have to be made permanent.

Democrats were attacked from within, too.

Democratic Senator Kimberly Lightford railed against what she said is too little money for higher education.

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Employee Retirements
6:47 pm
Thu May 10, 2012

Big Turnover at WIU

Sherman Hall at Western Illinois University

Students are not the only ones preparing to bid adieu to Western Illinois University.

Pam Bowman, Director of Human Resources, said the university averages 77 retirements per year. But she said approximately 142 employees are retiring before the end of June this year.

“Approximately 77 Civil Service, 20 administrators, and 45 faculty,” Bowman said.

While some are stepping aside because of their age or years of service, others chose to leave because of concerns over their retirement payout.

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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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