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Pension system changes spur public university retirements

Tue, 26 Jun 2012 06:53:15 CDT
By: IPR and Willis Kern

Pension system changes spur public university retirements As summer arrives, students leave, the state fiscal year ends and some faculty and staff retire at Illinois' community colleges and state universities. This summer, there are more retirees than usual. IPR's Jim Meadows explains why.



Illinois State University President Al Bowman attributes part of the retirement onslaught to the aging out of baby boomers. But he says anxiety over the pension situation is a major factor.



At ISU there are typically about 30 people calling it a career each June. This year, more than 115 ISU faculty and staff are retiring.

   

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