Pension Megabill on the Horizon….Be Ready to Act!

by Beth Camplain | May 05, 2013
We must be ready to stop them! Watch your inbox and the IFT Web site beginning April 8 for an update on legislation and what you can do to help.
The IFT and our union coalition partners strongly oppose three bills that were recently approved in the Illinois House. As soon as Monday, April 8, they may combine these illegal, destructive proposals into one new “megabill” and call it for a vote.

We must be ready to stop them! Watch your inbox and the IFT Web site beginning April 8 for an update on legislation and what you can do to help.

The House has already passed these unconstitutional bills:

  • HB 1165 would dramatically cut the current Cost of Living Adjustment (COLA) for current and future retirees. See how your representative voted here.
  • HB 1166 would increase the retirement age for many thousands of employees hired after January 1, 2011. See how your representative voted here.
  • HB 1154 would cap pensionable salary for future retirees – possibly costing employees hundreds of thousands of dollars in earned retirement benefits. See how your representative voted here.

We cannot allow lawmakers to combine these three proposals into one illegal, pension-cutting “megabill”. Be ready to act beginning next week to tell representatives to vote “NO” on any bill opposed by the IFT.

Thank you for your continued efforts to protect your hard-earned pension.