SURS en Illinois Budget Approved; Pension Reform Lingers <p>Illinois lawmakers worked 90 minutes overtime to complete work on the new state budget. But they still have not addressed concerns with the state&#39;s pension system.<br /><br /><strong>The Budget</strong></p><p>The&nbsp; Democratic budget imposes cuts throughout state government. But Republicans say the high spending levels mean the temporary income tax increase will have to be made permanent.</p><p>Democrats were attacked from within, too.</p><p>Democratic Senator Kimberly Lightford railed against what she said is too little money for higher education.</p> Fri, 01 Jun 2012 16:19:41 +0000 Rich Egger 16047 at Illinois Budget Approved; Pension Reform Lingers Big Turnover at WIU <p>Students are not the only ones preparing to bid adieu to Western Illinois University.<br /><br />Pam Bowman, Director of Human Resources, said the university averages 77 retirements per year. But she said approximately 142 employees are retiring before the end of June this year.<br /><br />&ldquo;Approximately 77 Civil Service, 20 administrators, and 45 faculty,&rdquo; Bowman said.<br /><br />While some are stepping aside because of their age or years of service, others chose to leave because of concerns over their retirement payout.<br /> Thu, 10 May 2012 23:47:53 +0000 Rich Egger 14913 at Big Turnover at WIU Group Says Pension Fund Doesn't Need Massive Reform <p>A public policy group at the University of Illinois says the State University Retirement System (SURS) needs to be stabilized but not reformed.<br /><br />The Institute for Government and Public Affairs proposal includes contributions from universities to the fund for the first time. The plan calls for universities to phase-in their contributions until they reach 3% in the third year.<br /> Mon, 02 Apr 2012 15:27:09 +0000 James Lenz 12845 at Group Says Pension Fund Doesn't Need Massive Reform