CHICAGO (AP) – Gov. Pat Quinn wants to eliminate the state’s contributions toward health insurance benefits for retired school teachers and community college professors across Illinois.
Those cuts are part of the budget proposal he unveiled last week. The Chicago Tribune reported Sunday (http://tinyurl.com/6macdpa) that they target two insurance programs and would save the state about $92 million.
About 77,000 retired teachers and their dependents outside Chicago are covered under the Teachers Retirement Program and the Community College Insurance Program.
If Quinn’s plan is approved, retirees could be forced to pay higher premiums. The extra costs could also be shifted to school districts, which could mean higher property taxes.
A spokeswoman for Quinn, Kelly Kraft, says the change is necessary because of what she described as “fiscal challenges created over decades of mismanagement.”
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