Good luck students. Your professors are heading for the exits.

Fred Klonsky's avatarFred Klonsky

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Under provisions of the State University Retirement System’s money purchase option, 10,000 state university employees are eligible to retire by July 1.

As a result of the Senate Bill 1 pension theft passed last December 3rd and signed immediately by Squeezy, thousands are heading for the exits to avoid loosing thousands of dollars in post retirement compensation.

Senator Dan Biss was a member of the bipartisan Committee of Ten that was assigned the job of constructing the bill. He now admits the problem, but claims it is an “easy fix.”

Much of what Senator Biss says is unreliable. That is never more true than his “easy fix” comment.

Today’s Tribune provides the numbers.

As of last week, about 1,700 university employees had filed retirement applications this year, compared with 960 during the same period last year. Not all will ultimately decide to retire, and many others will file applications in…

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