* The State University Annuitants Association has filed a motion requesting that the relevant portions of the pension reform law be stayed. WUIS has more…
These workers can escape some of the pension reductions if they quit before July. But once someone retires, there’s no going back.
The filing argues that “misinformation and confusion” surrounding the pension law is widespread.
And with State University Retirement System overwhelmed with members seeking counseling, people are having to make these decisions without “the benefit of full information.” It says many workers may be compelled to retire on the mere chance the law would be upheld.
Though the motion is specific to members of the State University Retirement System, a stay would likely be effective for all affected public employees.
I’ve requested a copy of the motion. Check this post for updates in a bit.
…Adding… Click here to read the motion.
…Adding more… With a hat tip to a reader, this was in the DeKalb Daily Chronicle…
As many news organizations have reported in the past week or so, the new, controversial pension “reform” law includes a mistake that affects some public university employees and is causing what some are calling “a mass exodus.”
That’s not an exaggeration. Just at NIU, it’s been reported that as many as 800 employees, or 20 percent, are suddenly heading for the exits. Without even concentrating, I personally can think of about 10 people leaving. Sure, some faculty members might come back to teach on an ad hoc basis, but many won’t and very few staff will return.