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Tag: COLA
A stripped-down pension reform package absent a controversial cost-shifting provision that would have transferred responsibility for payments of normal costs of pension benefits from the state to employers (universities, school districts and community colleges) passed the House Personnel and Pension Committee for consideration by the full House Thursday. Pension reform legislation stalled yesterday due to...
At 10 a.m. Wednesday, the Executive Committee of the Illinois State Senate heard testimony regarding House Bill 3076, which would apply technical elements similar to those presented in Senate Bill 1673, heard yesterday in the House, to the State Universities Retirement System. Additionally, the committee heard summaries of amendments to House Bills 1447 and 3865 before taking testimony in favor of...