Previously, university officers disabled in the line of duty received 50% basic compensation instead of the 65% other officers receive. The legislation equalizes the benefit at the higher rate.
The report provides the first step in assessing what level of benefit enhancement is needed before further state action is taken on Tier 2 pension benefits.
Capitol Fax com - Your Illinois News Radar » Actuarial consultant says Tier 2 pension payments should rise by $5 6 billion through 2045 to put state in compliance with safe harbor provisions capitolfax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitolfax.com Daily Mail and Mail on Sunday newspapers.
Capitol Fax com - Your Illinois News Radar » Question of the day capitolfax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitolfax.com Daily Mail and Mail on Sunday newspapers.