Local higher ed leaders pick apart pension reform ideas - JARAD JARMON, JG-TC

The details surrounding Gov. Bruce Rauner's plan to reform the state pension system are still murky, but what is known is worrisome for local higher education institutions. The governor spoke on the need for pension reform a couple of weeks ago in a budget address to state lawmakers. During this address, he proposed shifting pension costs more locally in 25 percent increments per year. “Our budget proposal shifts costs closer to home, so people can question expenses and deal with them more directly,” Rauner stated in his address. Officials at Eastern Illinois University in Charleston and Mattoon's Lake Land College are concerned about looking at potentially steep additional expenditures with little support in paying for it. http://jg-tc.com/news/local/local-higher-ed-leaders-pick-apart-pension-reform-ideas/article_9bb0e39e-e7d2-52c5-a3a3-4d815f6458ef.html