The race is on to lock in current retirement packages before they can be altered, reduced or eliminated by state legislatures. For Illinois, that race to retirement has become a rush for the exits.
In the past 12 months ending June 30, there were 4,750 state government employees who retired, a figure that represents almost as many total retirees for the previous 24 months ending July 1, 2011.
At state universities in Illinois, almost as many retirees – 4,647 – left their jobs during the same period ending June 30, 2012, and that is an increase of 1,300 retirees from the previous 12-month period.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
