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Tag: pension reform
Photo of a hammer and a nail
Happy New Year, and welcome back to campus. This should prove to be a very interesting year at both the state and federal levels. In Washington, D.C. … Congress has been on holiday recess since mid-December, returning to session this week. Congress did approve the remaining FY2012 appropriations bills Dec. 15, 2011, which comply with the...
Wrapped up neatly with a bow ...
In Springfield … The Illinois General Assembly reconvened Tuesday to try to finalize some issues left pending during the regularly scheduled fall veto session. Senators passed, with a veto-proof majority, a Chicago Mercantile Exchange/Sears tax relief package (HB 1883); however, this bill was defeated in the House by a vote of 99-8. This bill was a...
State Pension & Budget Update
In Springfield … The Illinois General Assembly finished its second week of the scheduled fall veto session Thursday, Nov. 10. However, the House of Representatives has been called back Tuesday, Nov. 29, to deal with some large, outstanding issues. We are uncertain at this time if the Senate also will be called back. Senate Bill 512,...
State Pension & Budget Update
The House Personnel and Pension Committee endorsed SB 512 on a 5-4 vote Tuesday evening, sending the bill to the House floor for consideration. The bill would create three different “tiers” of pension benefits and costs, some of which would compel employees to pay significantly more; another that would offer reduced benefits; and a third...
John G. Peters
NIU President John Peters joined other university presidents and chancellors from around the state Thursday in signing a letter sent to Gov. Pat Quinn that outlines their objections to proposed changes in the state pension system. “Senate Bill 512, backed by the Civic Committee of the Commercial Club of Chicago, is but one approach. As...
State Rep. Robert Pritchard
State Rep. Bob Pritchard vowed Thursday that he would not support a proposed pension reform bill that could come up for a vote as early as next week. “I will be a no vote on SB 512, and I will urge my colleagues to also vote no,” said Pritchard (R-Hinckley), whose district includes DeKalb. His...
Illinois Gov. Pat Quinn
In Springfield … The Illinois General Assembly convened for the first week of the fall veto session, which began Oct. 25. It was a tough week for Gov. Pat Quinn, with the General Assembly taking the following actions: Collective bargaining House Speaker Michael Madigan introduced HJR 45, which seeks to involve the General Assembly in...
State Rep. Robert Pritchard
NIU’s Operating Staff Council will host State Rep. Robert Pritchard at 10 a.m. Thursday, Nov. 3. The Republican legislator from Hinckley will gather with the group in the Carl Sandburg Auditorium of the Holmes Student Center to address issues related to the ongoing debate in Springfield regarding pension reform. This meeting was previously scheduled for the...
Interior of the Illinois State Capitol Building in Springfield
A number of bills were introduced within the last two weeks related to pension reform, primarily in response to recent stories by the Chicago Tribune and Fox News. These bills are intended to close “loopholes” that have allowed the type of lucrative pension benefits that have been highlighted by the media. With the fall veto...
NIU President John G. Peters
Northern Illinois University has launched yourpension.niu.edu, a website designed specifically to help employees stay informed on the debate in Springfield regarding employee pensions. “There are few issues with potentially greater consequences, and we want to ensure that employees, annuitants and others have easy access to the most up-to-date information and resources to help them understand...
NIU President John G. Peters
NIU President John G. Peters emailed NIU faculty and staff Tuesday, Oct. 25, regarding the fall veto session in Springfield and Senate Bill 512. Dear Colleagues, Over the next several weeks during the Veto Session, legislators are expected to take action on Senate Bill 512, which would impose significant changes in the way that pensions...
Illinois State Capitol building in Springfield. Photo courtesy Illinois Board of Tourism.
In Springfield … The first week of the Illinois General Assembly’s fall veto session begins Tuesday, Oct. 25, and will run through Thursday, Oct. 27. It promises to be an interesting week, with many issues on the table. The House of Representatives Personnel and Pensions Committee has posted five pension reform bills for hearing –...
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