U. of Illinois Fears Unplanned Wave of Retirements

April 21, 2014

University of Illinois officials fear a massive wave of retirements across all three system campuses due to a glitch in a recently adopted pension reform law. A wording change -- apparently not intended -- in the law could give people much larger retirement benefits if they leave by the end of June than after that. Officials are working on a fix with the state, and warning that the system could be seriously disrupted by retirements if a solution cannot be found to the problem.


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