THE CONTINUING CRISIS

Editor’s Note: “The Continuing Crisis” is a section of APAC News which links to news pertinent to the state budget crisis and other financial matters as they affect the University and Academic Professionals. These news outlets are not affiliated with or endorsed by APAC.

PENSION UNCERTAINTIES have more employees considering retirement, said UIC News in its Feb. 29 edition. See http://www.uic.edu/htbin/cgiwrap/bin/uicnews/articledetail.cgi?id=16135.

GRADUATED INCOME tax could solve State’s budget crisis, says Center for Tax and Budget Accountability. See Progress Report, Feb. 28, http://www.progressillinois.com/quick-hits/content/2012/02/28/alternative-solution-illinois-budget-crisis?utm_source=PI+Extra+2.29.12&utm_campaign=PI+email+2.29.12&utm_medium=email.

NO IMMINENT danger to our pensions, says Executive Director of State Universities Retirement System. See UIC News, March 7, http://www.uic.edu/htbin/cgiwrap/bin/uicnews/articledetail.cgi?id=16170.

ON THE other hand, Illinois Statehouse News on March 5 said “Illinois public pensions worse than the numbers show”: http://illinois.statehousenewsonline.com/7824/il-public-pensions-worse-than-numbers-show/.