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PENSION ALERT! TAKE ACTION TODAY!

4/30/2013

Today, Speaker Madigan unveiled a pension-slashing “mega-bill” that could dismantle the modest pensions earned by thousands of workers and retirees. The legislation is House Amendment 1 to Senate Bill 1. The amendment will be heard in the House Personnel and Pensions Committee TOMORROW morning -- Wednesday, May 1, at 8:30 a.m.

Call your State Representative NOW by clicking here or calling 888-412-6570 to voice your opposition!

This amendment to SB1:

  • Caps Cost of Living Adjustments (COLAs) to $1,000 per year of employment ($800 for those coordinated with Social Security). For example, a 30-year employee (without Social Security) would receive an annual COLA on $30,000 in salary only.
  • New COLAs will take effect when the employee turns 67 or five years after they retire, whichever comes first.
  • Increases retirement age from one to five years, depending on current age
  • Increases employee contributions by 2 percent over two years
  • Caps pensionable salary
  • Prohibits any local union from negotiating any contract changes related to pensions.
  • Eliminates retiree healthcare funding 

Read an additional summary of the bill here and the We Are One legislative fact sheet here .

Also, you may have heard our coalition leaders are working closely with Senate leadership in an attempt to negotiate a bill we can all support. Those discussions are ongoing, and we will keep you posted. In the meantime, it's very important that we express our opposition to this dangerous House proposal.

Click here to call your State Representative, or dial 888-412-6570 today.

Download this flyer to share with your co-workers, family, friends and neighbors.

Thanks for all that you do.

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