Illinois State Workers Retire At Higher Rate in April

By: AP
By: AP

SPRINGFIELD, Ill. (AP) -- Illinois state workers trying to lock in pension benefits retired at a much higher rate than normal in April.

The Springfield bureau of Lee Enterprises newspapers reports that about 1,100 government employees were on track to retire last month. Final totals weren't immediately available. The average is about 200 retirements per month.

Lawmakers overhauled the state's pension system in December in an effort to save $145 billion. The law cuts benefits and raises the retirement age. Lawsuits over the measure are being litigated.

Thousands of state university employees also are retiring early because of a mistake in the law that could miscalculate benefits.

Timothy Blair is executive director of the State Employees Retirement System. He says there's no way of knowing if retiring early will lock in pre-overhaul benefits.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
23 WIFR 2523 North Meridian Road Rockford, IL. 61101 Business: 815-987-5300 Fax: 815-965-0981 News: 815-987-5330 Fax: 815-987-5333
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 257691651 - wifr.com/a?a=257691651