Action Alert! Pension-Cutting "Mega-Bill" Approved by House, Awaits Senate Action
UPDATE, May 2, 2013: The House has passed House Speaker Madigan's pension-cutting "mega-bill" -- Senate Bill 1 -- on a vote of 62-51. You can view the voting roll call by clicking here.
Your phone calls are needed -- click here to call or call toll-free at 888-412-6570.
What does the "mega-bill" (SB 1) contain? At its core, SB 1 packages various pension-slashing features of three bills -- HB 1165, HB 1166, and HB 1154. These three bills are summarized below and would affect all active and retired public workers, except judges:
- HB 1165 (deep COLA cuts) is opposed by the coalition. It caps cost-of-living adjustments (COLAs) at extremely low levels and delays COLAs for five years or until age 67, whichever comes first. The caps alone have the effect of reducing the value of a pension by one-third after twenty years in retirement. HB 1165 was approved by the full House in March and now awaits Senate action. The House vote was 66-50 and is available to view by clicking here.
- HB 1166 (retirement age increases) is opposed by the coalition. It increases retirement ages anywhere from one to five years. (Employees under age 35 would face a five-year increase, employees between age 35 and 40 would face a three-year increase, and employees between age 40 and 45 would face a one-year increase.) HB 1166 was approved by the full House in March and now awaits Senate action. The vote was 72-45 and is available to view by clicking here. (Note: Reps. Hoffman, Jackson, Lilly, and Sims switched from a "yes" to a "no.")
- HB 1154 (pensionable salary caps) is opposed by the coalition. It puts a cap on the amount of salary that qualifies for a pension. HB 1154 was approved by the full House in March and now awaits Senate action. The House vote was 100-16 and is available to view by clicking here. (Note: Rep. Pritchard switched from a "yes" to a "no.")
Take action today! Tell your House legislator to oppose the Speaker's pension "mega-bill" -- Senate Bill 1 -- and any other bill not backed by the We Are One Illinois coalition of unions!
Click here to call, or dial 888-412-6570.
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Thank you for your advocacy!