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Tag: Illinois Senate
NIU President Doug Baker
NIU President Doug Baker sent this message today to members of the university community. In the closing hours of the fiscal year, we received some very positive news to report. The governor signed into law a bill that provides higher education with badly needed financial support. For NIU it includes: $48.3 million in operating funds...
Photo of the Illinois State Capitol in Springfield
NIU’s Student Association will sponsor a trip to Springfield Wednesday, April 13, for a full day of student activism regarding MAP grants and the state budget. The bus will depart the east side of the Holmes Student Center at 6:30 a.m. Events begin at 10 a.m. with a pump-up rally at the University of Illinois...
Symbol of the State of Illinois
News from Springfield … The University of Illinois Institute for Government and Public Affairs has released the result of its study, the Fiscal Futures Project. Key findings were that while the changes to four out of the five Illinois state-funded pension systems will eliminate their unfunded liability over the next 25 years, Illinois’ deficit will...
Illinois State Capitol building in Springfield. Photo courtesy Illinois Board of Tourism.
According to the Illinois Department of Central Management Services, the deadline for submitting documentation for the State of Illinois Retiree Group has been extended to Friday, Dec. 6, because of the federal government shutdown. There is no need for anyone in this group to request an extension prior to Friday, Oct. 25. Members of the...
Northern Illinois University president John G. Peters and acting executive vice president and chief of operations Steven Cunningham lined up with other higher education leaders in the state to testify before the Senate Executive Committee as to the viability of legislation aimed to stabilize the State Universities Retirement System (SURS). Their combined testimony was well-received....
Symbol of the State of Illinois
Northern Illinois University President John Peters and senior administrators have been actively involved in building consensus on a pension stabilization solution for the State Universities Retirement System (SURS) that enjoys the unanimous support of presidents and chancellors of all Illinois public universities. The plan – a combination of Senate Bill 1687 and Senate Bill 2591 – is expected to...
Symbol of the State of Illinois
The Illinois General Assembly adjourned Friday evening without taking action to resolve Illinois’ pension funding crisis. Illinois public university presidents and chancellors worked diligently this spring to craft a viable solution to the SURS funding problems. The Illinois Government & Public Affairs Policy Institute (UIUC) developed a Six Point SURS Pension Reform Plan that was promptly...
Photo of Illinois flag in globe
Just one more week remains in the current legislative session before the Illinois General Assembly adjourns Friday, May 31. At this point, major issues remain unresolved, which is not uncommon given the natural rhythm of the legislative process in Springfield. Kathryn Buettner, NIU vice president of University Relations, was in Springfield this week and delivered...
'Road to Retirement' highway sign
Presidents and chancellors at public universities and colleges across the state reached an agreement in principal with House Speaker Michael J. Madigan and House leaders Thursday for public universities to assume the employer share of employee pension costs beginning in FY2015. The hope is that Thursday’s agreement might help break up the logjam in Springfield...
Interior of the Illinois State Capitol Building in Springfield
The Illinois House has approved a comprehensive pension-reform measure sponsored by House Speaker Michael Madigan by a vote of 62-51 Thursday afternoon. Senate Bill 1 is designed to close a $97 billion deficit that hangs over the state’s pension plans. Underfunding for decades has left the pension systems short of what they need. The bill...
Mike Madigan
The Illinois House Personnel and Pensions Committee passed a pension reform plan put forth by Speaker Michael J. Madigan by a 9-1 vote, clearing the way for the pension reform bill to be called before the full House today. Madigan’s plan calls for employees to pay 2 percent more of salary toward their retirement plans....
Symbol of the State of Illinois
In Springfield … Both the House and the Senate are in session this week in Springfield. Several bills of interest to the NIU community advanced in the legislative process during last week’s Senate action. SB 1900 (Biss) passed the Senate unanimously and has been assigned to the House Higher Education Committee for consideration. It requires...
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