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DUKE'S DAILY BLOTTER

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ere the TRUTH starts. Public Pension Reform. Law Enforcement News. Officer Down News. Collective Bargaining. Corruption. - See more at: http://www.dukesblotter.com/#sthash.gzOejJCT.dpuf
Where the TRUTH starts. Public Pension Reform. Law Enforcement News. Officer Down News. Collective Bargaining. Corruption. - See more at: http://www.dukesblotter.com/#sthash.gzOejJCT.dpuf

Officer Down

Wednesday, March 6, 2013

PENSION: More time wasting on the way....

--Empty words by an inept governor.
Empty promises by leading politicians.
Waste of tax payer time and money.
But, Mike Madigan and company do not care. They will run test votes or use any means necessary to delay actually doing anything worthwhile.
Until people in Illinois finally decide that enough is enough this will never stop.
Voters just go to the polls and vote for whoever they are told or whatever name they recognize and we just end up on the same merry-go-round year after year.
Duke

From We Are One - Illinois

House to Continue "Test Vote Thursdays" on Pension Amendments on March 7

Illinois House Speaker Michael J. Madigan is continuing his practice of holding "test votes" on pension amendments on Thursdays. This week on March 7, three unfair, unconstitutional, pension-cutting amendments will be put up for a vote to House Bill 1154:

HB 1154, HA 6 – freezes COLAs for ten years

By freezing cost-of-living adjusments (COLAs) for a decade, senior citizens would be left defenseless against inflation for a decade, no matter how high it rises from now until 2024. Yet, senior citizens tend to consume goods and services that are more susceptible to inflation, such as prescription drugs or health care.

HB 1154, HA 7 – caps pensionable salary

Caps on pensionable salary create disincentives for hiring and recruiting for critical public professions, particularly ones that require advanced degrees, such as those in the medical or higher education fields. It can also hurt filling these certain civil service positions, which is often a more cost-effective practice than contracting out for expensive, specialized services.

HB 1154, HA 8 – increases employee contributions by 4%

Illinois’ pension systems would have the second or third highest contribution rates in the nation under this amendment.

Urge your House legislators to vote NO on House Amendments 6, 7, and 8 to HB 1154 but instead to support House Bill 3162 -- legislation endorsed by the coalition!

The We Are One Illinois union coalition is proud to announce its support for House Bill 3162 and Senate Bill 2404, identical bills that contain essential pieces of the coalition’s framework plan. Unlike many other proposals, HB 3162 and SB 2404 are fair and constitutional. The bills have three parts:

1. An Ironclad Funding Guarantee. For decades, Illinois politicians shorted payments to the pension systems, even as public workers faithfully and consistently paid their fair share. To ensure that today’s politicians cannot repeat the mistakes of their predecessors, HB 3162 and SB 2404 contain an ironclad funding guarantee. If the state fails to make its full payment, the retirement systems – or their members – can sue to ensure proper payment.

2. The Pension Stabilization Fund. HB 3162 and SB 2404 dedicate revenue to pay down the state’s pension debt. In short, revenue currently being used to pay off the state’s pension obligation bonds would be committed to the pension systems after the bonds are paid off.

3. Shared Sacrifice. Public employees are not to blame for Illinois’ pension problem, but they are willing to be part of the solution. With an ironclad funding guarantee to ensure pension shortfalls will never happen again, Tier 1 employees would be prepared to contribute an additional 2% of salary, phased in over the next two years, for their retirement.

HB 3162 and SB 2404 feature bipartisan support by a diverse set of lawmakers. Our coalition is working to add more co-sponsors to both bills. We also continue to work on additional framework solutions, such as closing corporate tax loopholes to generate $2 billion in new revenue. We will keep you updated on the bills' progress during the legislative session.

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