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Supreme Court unanimously rejects pension cuts, upholds Constitution

In a huge victory today for IFT members, retirees, and the rule of law, the Illinois State Supreme Court just declared pension-slashing Senate Bill 1 unconstitutional. The seven justices unanimously upheld the Circuit Court’s previous decision. Read today’s emphatic ruling here.
As a leading partner in the We Are One Illinois coalition of unions, the IFT has been at the forefront of this fight to uphold the state Constitution and protect your retirement security. The coalition issued the following statement today immediately after the decision was announced.
“We are thankful that the Supreme Court has unanimously upheld the will of the people, overturned this unfair and unconstitutional law, and protected the hard-earned life savings of teachers, police, fire fighters, nurses, caregivers and other public service workers and retirees.
“The Court’s ruling confirms that the Illinois Constitution ensures against the government’s unilateral diminishment or impairment of public pensions.
“Because most public employees aren’t eligible for Social Security, their modest pension—just $32,000 a year on average—is the primary source of retirement income for hundreds of thousands of Illinois families. While workers always paid their share, politicians caused the debt by failing to make adequate contributions to the pension funds.
“Public service workers are helpers and problem solvers by trade. With the Supreme Court’s unanimous ruling, we urge lawmakers to join us in developing a fair and constitutional solution to pension funding, and we remain ready to work with anyone of good faith to do so.”

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