Illinois schools struggle to soften pension losses

By David Mercer

Published May 5, 2014 4:00am ET

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Illinois schools struggle to soften pension losses — Students walk past the Alma Mater statue, a landmark on the University of Illinois campus in Urbana, Ill. Public universities in Illinois are bracing for waves or retirements because a state pension-reform law will sharply cut their retirement funds. (AP Photo/David Mercer) | David Mercer

CHAMPAIGN, Ill. — Concerned about retirements and its ability to recruit new professors, the University of Illinois is working on a plan to make up for what employees will lose after the state’s landmark pension overhaul, but most other state universities say they don’t have the ability to follow suit.

Most say they just don’t have the money to do anything about it.

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Associated Press Entitlements Illinois Pensions