--It is amazing how Senate Bill 1 was passed by the Illinois Senate and sent to the House of Representatives where Speaker, wait I'm sorry, Lord on High Madigan was able to rewrite it to screw all employees and then the House passed it.
Thankfully, the Illinois Senate saw fit to pass a new bill, Senate Bill 2404, that labor and management can agree on.
Now we will have to see what his His lord on High Madigan decides to do this time around.
In the mean time, the merry-go-round on pension reform continues with the real issues just being ignored.--
From the Illinois Education Association
May 6, 2013
By IEA News
The We Are One Illinois Labor coalition today announced an agreement has been reached on pension legislation with State Senate President John Cullerton (D-Chicago).
The agreement, which will be part of Senate Bill 2404, is a constitutional alternative to House Speaker Michael Madigan’s Senate Bill 1, which was passed by the Illinois House last week and is awaiting a vote in the Illinois Senate. Senate Bill 1 is clearly unconstitutional and unfair to the employees and retirees in the affected state pension systems.
Download a fact sheet on SB 2404, legislation the labor coalition has agreed on with Senate President Cullerton
The unions that comprise the coalition (IEA, IFT, SEIU, AFSCME, and other public employee unions) released a statement on Monday evening:
The We Are One Illinois coalition of unions announced today that it has reached a negotiated pension agreement with Illinois Senate President John Cullerton, who will sponsor the measure.
The following statement is attributable to Michael T. Carrigan, president of the Illinois AFL-CIO, on behalf of the We Are One Illinois coalition:
“The union coalition has made a great effort to ensure fairness for the public employees and retirees who did not cause this problem, to ensure the stability of the pension systems for future generations, and to offer a credible way forward. This agreement is our coalition’s bottom line.
“We continue to strongly oppose Speaker Madigan’s mega-bill, SB 1, which threatens to rob the retirement savings of teachers, police officers, and others in public service, by 20-40 percent. His proposal is not only drastically unfair, but it is blatantly unconstitutional, rendering any advertised savings fictional.
“We urge lawmakers from both parties in both chambers to embrace the agreed bill and oppose SB 1.”