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Tag: State Employees Retirement System
State Pension & Budget Update
Illinois House Speaker Michael Madigan filed an amendment to a comprehensive pension-reform package passed by the Senate last month that caps the salary on which a pension can be based and limits annual cost-of-living increases. The House Personnel & Pensions Committee is scheduled to consider the legislation at an 8:30 a.m. Wednesday, May 1, meeting. The...
In Washington, D.C. … Congress begins a five-week Summer Recess. Prior to adjourning, Congressional leaders and the White House agreed to a bi-partisan deal that will keep the government funded for six months, through March 31, 2013, at a level consistent with the 2013 level ($1.047 trillion) set forth in the Budget Control Act passed...
Photo of a monthly payment schedule booklet
In Washington, D.C. … Officials of the U.S. Department of Education today unveiled the Obama administration’s college financial aid “shopping sheet,” which was developed jointly with the newly created Consumer Financial Protection Bureau. The shopping sheet, while allowing individual institutions to provide customized information, provides a number of common elements regarding a student’s financial aid...