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Six Simple Steps to Reforming the State Universities Retirement System

As Illinois’ public-employee pension liability soars toward $100 billion, a group of scholars has developed a six-step proposal to stabilize pensions for employees of the state’s public colleges and universities. The proposal can help SURS achieve financial stability while ensuring retirement security and honoring the constitutional guarantee against reducing employees’ already earned benefits.

The Latest From IGPA

Illinois lawmakers are debating two proposals that would alter the retirement plans of current state employees, teachers, university employees and the General Assembly. IGPA released a report that provides a compilation of data on the changes to current employees' retirement contribution rates and post-retirement cost of living adjustments (COLAs) that have been enacted in the United States since 2009.

The Flash Index rose sharply in April, to 105.8 from its 104.7 level in March. The April reading is the highest since August 2007—several months before the onset of the Great Recession.

  

Flash Index Title

The State of the Illinois Economy

Public Pensions in Illinois

The Illinois Report

The Illinois Report 2013