We Are One – Illinois | Action Alert! Pension-Cutting “Mega-Bill” Could Move in May

29 Apr

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 — could 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” could be unveiled — and even 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” 401k-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 401k-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 We Are One Illinois coalition of unions!

Click here to call your House representative.

Click here to go to our sample e-mail, where you can personalize and send a message to your legislators.

via We Are One – Illinois | Action Alert! Pension-Cutting “Mega-Bill” Could Move in May.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: