Pension Killer – RED ALERT!

THE SKY IS FALLING!     Any you’ve been warned….Do your part to save your pension!

Make a call today! 1-888-412-6570

Send an e-mail!     Share with colleagues!!!    READ ON…..
Pension 101 — The FIGHT STARTS WEDNESDAY MAY 1!  
Call Your Rep! Red Alert! Call Your Rep Red Alert!  CAll!
An E-Mail Newsletter for Retired and Active Teachers Concerned with the Preservation of Our Pensions  —  …..Please forward!! Please forward Today Please forward today! Please forward Today! Please Forward!

Action Alert! Pension-Killer “Mega-Bill” Will Move May 1st!!

Call your Representative Your Pension depends on it!!! Call/Email three other teachers ask them to call — 1-888 412 – 6570!   VOTE NO MADIGAN’s PENSION BILLS!

The Illinois legislature will return to Springfield on Tuesday, April 30, and will remain in session throughout the month of May.
House Speaker Michael Madigan has indicated that three bills — HB 1165, HB 1166, and HB 1154 — will be packaged together in a new “mega-bill” and voted on by the full House. (The new “mega-bill” has not yet been introduced and could include more than just these three bills.) We are hearing that the Speaker’s “mega-bill” will be unveiled — and voted out of the House — on Wednesday, May 1. Your phone calls are needed immediately — click here to call your House legislator.

For now, the three bills that may be contained in the “mega-bill” are summarized below. These pension cuts would affect all active and retired public workers, except judges:
·         HB 1165 is opposed by the coalition. It caps cost-of-living adjustments (COLAs) at extremely low levels and delays COLAs for five years or until age 67, whichever comes first. The caps alone have the effect of reducing the value of a pension by one-third after twenty years in retirement. HB 1165 was approved by the full House in March and now awaits Senate action. The House vote was 66-50 and is available to view by clicking here.

·         HB 1166 is opposed by the coalition. It increases retirement ages anywhere from one to five years. (Employees under age 35 would face a five-year increase, employees between age 35 and 40 would face a three-year increase, and employees between age 40 and 45 would face a one-year increase.) HB 1166 was approved by the full House in March and now awaits Senate action. The vote was 72-45 and is available to view by clicking here. (Note: Reps. Hoffman, Jackson, Lilly, and Sims switched from a “yes” to a “no.”)

·         HB 1154 is opposed by the coalition. It puts a cap on the amount of salary that qualifies for a pension. HB 1154 was approved by the full House in March and now awaits Senate action. The House vote was 100-16 and is available to view by clicking here. (Note: Rep. Pritchard switched from a “yes” to a “no.”)

HB 3411 (Nekritz/Cross) contains all of the pension cuts included in HB 1165, HB 1166, and HB 1154. In fact, HB 3411 goes even further, forcing new hires in TRS and SURS into a “Tier 3” 401(k)-hybrid retirement account and increasing employee contributions without an ironclad guarantee. HB 3411 is also opposed by the coalition. It has yet to receive a full House vote, but that could happen at any time. Many of HB 3411’s components, like the 401(k)-hybrid plan, could surface in the “mega-bill.”
Take action today! Tell your House legislator to oppose the forthcoming pension “mega-bill,” HB 3411, and any other bill not backed by the IEA and the ” We Are One”  coalition of unions!
If link does not work — Call 1-888 – 412 – 6570 – enter zip code and follow prompts!

IEA Website –  WWW. IEANEA.ORG 

Call 1-888 – 412 – 6570 – enter zip code and follow prompts! 
Call your Representative Your Pension depends on it!!!Call/Email three other teachers ask them to call  1-888 412 – 6570!   VOTE NO MADIGAN‘sPENSION BILLS!! 

Questions? Bob Haisman – haismanbob@gmail.com – 708 997 1993 

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