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The presidents of public universities in Illinois have issued a joint letter opposing a pension reform plan that would give their faculty members -- and other state employees -- the option of paying more for current benefit levels, or of receiving smaller payments at various points in the future, The Pantagraph reported. "Reducing (faculty) benefits or forcing them to pay significantly more for benefits that were promised to them is likely to cause a significant migration of talented people out of this state," said the letter from the presidents. A spokeswoman for the legislator who came up with the plan said that "we encourage the university presidents and chancellors to tap into the talent at their universities and offer solutions, not just resistance."
