© 2024 WSIU Public Broadcasting
WSIU Public Broadcasting
Member-Supported Public Media from Southern Illinois University
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Policy Group Says State Univ. Retirment System Needs Stablility

A public policy group says the State University Retirement System in Illinois needs to be stabilized rather than reformed.The University of Illinois’ Institute for Government and Public Affairs believes it has a plan to accomplish that.  The IGPA suggests universities start contributing to employee pensions.  Spokesman Steve Cunningham says the plan calls for a gradual implementation with the level of university participation rising to three-percent after three years.  Cunningham says it's very much an effort to look at alternatives that are reasonable to stabilize the situation. He says realizing that some adjustment to state obligations may be necessary to facilitate, the-a viable funding plan for the unfunded liabilities.

Western Illinois University president Jack Thomas says the school is willing to do its part.  But he says the contributions would be an additional burden, especially when the state is so far behind in paying universities. Thomas says the state still owes western $32 Million for the current budget year.

 

As a WSIU donor, you don’t simply watch or listen to public media programs, you are a partner. By making a gift, you help WSIU produce, purchase, and broadcast programs you care about and enjoy – every day of the year.