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Tag: Senate Bill 512
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...
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...