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EIU President: We Can Handle Pension Obligation

Eastern Illinois University President William Perry is confident the school can handle making additional pension costs for employees.  The comment comes in response to Governor Quinn's suggestion that universities pick up the pension obligations to help relieve the state's pension troubles.  Perry says it would cost the university about 20-million dollars so he'd want some guarantee that lawmakers would at least keep EIU's budget level.  He suggests the universities assume responsibility over a five year period as opposed to a sudden shift which forces them to assume full responsibility all at once.

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