Tuesday, December 10, 2013

UI explores other pension options

The University of Illinois is looking into a supplemental retirement plan. Last week, after pension reform passed at the Capitol, UI President Bob Easter, sent a letter to staff stating leaders are exploring different options because the one on the table just isn't going to work.

The University of Illinois is known for its strong academics and research. That's why students and staff from all over the world choose to come here. But, that reputation could be in jeopardy.

"I don't know what to say to people to bring them here. 'Stay for the high taxes. Stay for a pension that might or might not happen.' I don't know how to sell the university anymore," said Jorge Villegas.

Villegas teaches at UIS. He's one of many who worry changes to pensions will drive away top-notch professors, creating a ripple effect throughout the university.

"They bring the best research, the bring the research dollars. You see students choosing based on who's doing the research at the university. Without them, really, the University of Illinois wouldn't be as strong as it is right now."

Villegas was featured on WCIA-TV on December 9, 2013.

Watch the story online