Consider Cullerton pension bill
Teachers have been told their retirement benefits must be cut because the state has a budget problem. This is especially hard for teachers to accept because we do not get Social Security. More than 70 years ago, the state decided to establish the pension as an alternative to Social Security because it would save the state money. And it has. Pensions actually cost less than Social Security.
This was a sound plan that would have worked well for everyone if politicians, decade after decade, had not decided to use the pension systems as a credit card, taking the money and using it for other items to stave off tax increases. But now, the unpaid pension bill has grown just like an unpaid credit card bill.
Through their unions, public employees have offered to help address the problem. But Gov. Pat Quinn, Speaker Madigan and other elected leaders want the employees to bear the entire cost of fixing the problem the politicians caused.
As legislators work over the summer to address the state's fiscal issues, they are urged to revisit Senate Bill 2404, the bill backed by the unions and State Senate President John Cullerton. SB 2404 is fair, it's constitutional and it will help Illinois get back on track.
Valerie C. Dranias
- Share Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.Need more information about reprints? Visit our Reprints Section for more details.
Contact information ( * required )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close