http://www.dailyillini.com/news/campus/article_bd1030d4-40ae-11e2-9c38-001a4bcf6878.html
The News-Gazette page also contains a link to the contract itself.
For a dissenting view, see
https://cfaillinois.org/2012/12/06/more-information-on-pensions-bill-hb6258/
and we will update as new information becomes available. An excellent source is http://www.suaa.org/ , which usually has a “mini-briefing” after each day in which there is meaningful and publicly-known change.
3. Other articles:

ii. Coursera wants to link its better students with companies, who would pay for the lists, and Chancellor Wise is on its advisory board.
iii. The University has had declining returns on its acceptance letters since 2006.
http://www.dailyillini.com/news/campus/article_43e41898-3ea0-11e2-b396-0019bb30f31a.html
iv Google gives me this link to an AP story. “Illinois. Our State. Our team.” Haven’t the people of the state of Illinois suffered enough?
http://www.galesburg.com/newsnow/x1745970478/University-of-Illinois-starts-billboard-campaign