19,000 Illinois public employees get a loophole to enjoy greater pension benefits

Reported the Rockford Star-Ledger:

When it comes to pensions in Illinois, a day can mean all the difference in the world.

Thanks to the eight-month span between Gov. Pat Quinn's approval of a pension reform bill last spring and its implementation, any public worker hired in Illinois as late as Friday has been enrolled in a far more lucrative pension plan than those hired on or after Saturday.

A Rockford Register Star analysis of pension data has identified nearly 19,000 public workers at all levels of Illinois government hired in that span, from bus drivers to university presidents. More than 300 now work for Rock River Valley public bodies.

The employees' 2010 hire date gives them a toehold in the richer -- and more expensive, to the taxpayer -- pension plan.

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