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Tag: pension reform
Photo of an man’s index finger tapping his wristwatch
In Springfield … With only three weeks left before the scheduled May 31 adjournment of the Illinois General Assembly, there are three major issues still unresolved: the Fiscal Year 2013 budget, pension stabilization and Medicaid reform. FY2013 Budget The House Higher Education Appropriations Committee has been meeting frequently over the past several weeks to determine how...
University and other state employees could be on the verge of losing the free health insurance received in retirement, as legislation to end the benefit was approved 31-20 in the state Senate and will go to Gov. Pat Quinn. Under the new plan contained within Senate Bill 1313, retired state employees, legislators, judges and university...
Seal of the State of Illinois
Presidents and chancellors of public universities in the State of Illinois sent letters Thursday, May 3, to Gov. Pat Quinn as well as Illinois General Assembly leaders Michael Madigan, John Cullerton, Christine Radogno and Tom Cross. The letters outlined a statement of 10 objectives for stabilization of the State Universities Retirement System that is fair...
Photo of a dollar bill inside a lock
In Springfield … The majority of activity in both the Illinois Senate and Illinois House of Representatives last week and again this week will involve trying to move substantive bills through committees The deadline to get bills out of committee is Friday, May 4. House Joint Resolution Constitutional Amendment 49 (HJRCA 49), sponsored by Speaker...
John G. Peters
NIU President John G. Peters emailed this important message to faculty, staff and annuitants earlier today. Dear Colleagues, Friday afternoon Governor Quinn outlined the framework of his plan to resolve the state’s pension funding crisis. Briefly, the Governor’s proposal provides for 100% funding for pension systems by 2042 by making the following changes to the...
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In Springfield … Last week, Gov. Pat Quinn released his plan for cutting the FY2013 Illinois Medicaid program by approximately $2.7 billion, the level of reductions he believes are needed to stabilize the Medicaid system in Illinois and prevent its collapse. There are three components to the governor’s plan: $2 billion (75 percent) reductions, a $1...
Photo of piggy bank
In Springfield … The Illinois General Assembly returns this week from a two-week spring break. Lawmakers are now scheduled in weekly until they are expected to convene by May 31. If they go past this deadline, a super-majority is required to pass any bill. Members of the Governor’s Work Group on Pension Reform is scheduled to...
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In Springfield … The Illinois primary elections were held Tuesday, March 20. The elections results can be found on the Illinois Board of Elections website. The Illinois General Assembly was in session Wednesday through Friday of last week. Members of the House of Representatives approved HB 3810 (vote: 95 yes, 25 no, 2 present), introduced by...
Illinois State Capitol building in Springfield. Photo courtesy Illinois Board of Tourism.
In Springfield … Friday, March 9, was the deadline to get substantive bills reported out of committees in the chamber of origin, so it was a very busy week. On March 6, House Bill 5745, sponsored by Rep. Brandon Phelps, passed out of the House Agriculture & Conservation Committee. This bill would allow for concealed-carry in...
John G. Peters
NIU will host a town hall-style meeting at 1:30 p.m. today in the Carl Sandburg Auditorium of the Holmes Student Center. At that meeting, NIU President John G. Peters and Steve Cunningham, vice president for Administration and Human Resources, will present an overview of the current situation including a brief history, implications for SURS and...
John G. Peters
NIU President John G. Peters emailed this message to the campus Wednesday, Feb. 29. Colleagues, As part of our ongoing efforts to provide you with timely information regarding proposed changes to our pension plans, the university will host a town hall-style meeting at 1:30 p.m. Wednesday, March 7, in the Carl Sandburg Auditorium of the...
NIU State Pension & Budget Update website logo
Northern Illinois University’s updated State Pension & Budget Update website debuts Feb. 22 in conjunction with Gov. Pat Quinn’s budget address. The governor’s address traditionally begins the budget process in the State of Illinois. The updated website includes a link to view or listen to the governor’s budget speech, pension reform information and updates as...
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