Benefits January 5, 2012
Illinois Governor Signs Pension Bill Curbing Abuses
January 5, 2012 (PLANSPONSOR.com) – Illinois Governor Pat Quinn has signed into law pension reforms aimed at fixing some loopholes in the system.
Reported by Rebecca Moore
The law, which takes effect immediately, aims to end the practice of so-called double dipping for public employees. According to the Associated Press, in some cases, employees took leaves to work for their unions, but continued to build benefits in government pension systems based on union pay.
The law also closes a loophole made possible by a 2007 law that allowed two lobbyists for the Illinois Federation of Teachers to qualify for teachers’ retirement benefits by spending a single day teaching, the news report said.« Spark and The Spark Institute Reorganized into One Association