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Pension Uncertainty Troubles U Of I President

Fri, 06 Dec 2013 17:08:19 CST
By: IPR's Jeff Bossert

With a pension plan signed into law, University of Illinois President Robert Easter says he is most concerned now about a period of uncertainty. Many have voiced concerns about pension reductions, and are exploring a supplemental program to fill the gap. Meanwhile, several state labor unions are also planning a legal challenge, which could hold up the plan from taking effect June 1st. Easter confirms U of I Trustees will start exploring options for a supplemental employee matching program by its January meeting and will approve something before June. But he says even that discussion will raise questions.

   
Easter says it would be premature to speculate on any outcome to a legal challenge to the pension plan. He says it is likely the U of I will have to find ways to reduce costs. He says that does not necessarily mean cutting jobs or programs. And Easter says tuition wonít go up beyond the rate of inflation.


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