NEIUPI

The Illinois and California pension systems are featured in this Chronicle article,

AS PENSION COSTS RISE, PUBLIC COLLEGES PAY THE PRICE

Josh Keller

Public colleges tend to offer less in salaries than their private counterparts do. But many of them have had a secret weapon to retain faculty and staff members that private colleges cannot match: generous pensions.

Pensions have narrowed the compensation gap between public and private colleges. They can function as “golden handcuffs,” rewarding workers who stay for decades and keeping them from fleeing to competitors during their most productive years.

Read more at the Chronicle…

We have negotiations today. Two negotiations “packages” are pending, compensation and evaluation. The first includes annual salary adjustments and workload. The second, evaluation, addresses retention, evaluation, termination and sanction.

The Chronicle reports that the state has nearly repaid the higher education bill for 2009-2010 and then speculates about the borrowing that may lie in our financial future.

Illinois’s Public Universities Won’t Have to Borrow — for Now

By Eric Kelderman

The State of Illinois has repaid nearly all of the $464-million it owed to its public universities from the 2009-10 fiscal year, which ended on June 30.

Read more at the Chronicle…