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Want To Take Back Retirement Choice? ISU Says Maybe

Thu, 15 May 2014 15:16:32 CDT
By: Charlie Schlenker

It may be possible for new retirees from Illinois State University to UN-retire, now that a judge has put a halt to implementation of the Illinois pension reform law. ISU Spokesman Eric Jome says the university had been anticipating a higher than average number of retirements this year because of uncertainty over benefit levels associated with the new law. Now that a Sangamon County judge has put a temporary restraining order in place, Jome says some could take it back.

   
"If indeed there are people that look at this and say hey I want to rescind my decision, a process would be put in place in departments in conjunction with our Human Resource office to look at those on a case by case basis."

Jome says factors influencing such decisions include the status of job searches to replace the retiree and whether a new worker has been hired already or not. ISU usually gets about 100 retirements by the end of the fiscal year. A couple weeks ago, Jome says, the number was 65, but there is still a month and a half left in the fiscal year and many filings have yet to be processed.

    

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