UPDATED: Legislation Cutting IMRF Pensions Has Been Tabled!

UPDATE (April 1, 3:40 p.m.): The bill sponsor, Rep. Deborah Conroy, has filed a motion to table HB 3898, HA 1, which effectively kills the bill. We will remain vigilant on this issue in case it comes up again in the future. For now, thank you for your effort and advocacy to table this harmful legislation!

Legislation is moving that would attack the retirement security of hundreds of thousands of working and retired public employees in the Illinois Municipal Retirement Fund (IMRF).

Sponsored by Rep. Deborah Conroy, House Bill 3898, House Amendment 1 (HB 3898, HA 1) would eliminate the "13th payment" (or "13th check") earned by IMRF members. If HB 3898, HA 1 becomes law, IMRF benefits would lose purchasing power from the moment of retirement, causing retirees to fall further behind as they age.

First, call your state representative TODAY at our toll-free hotline number -- 888-412-6570, or click here to callTell your lawmaker to oppose HB 3898, HA 1. Tell them that IMRF is fully funded today, and there's no justification for this unfair and unconstitutional attack on public employee and retiree pensions.

Then, call bill sponsor Rep. Conroy at her Springfield office (217-782-8158) and district office (630-415-3520) to tell her to stop this attack on retirement security.

HB 3898, HA 1, passed House committee on March 25. It awaits further action. Rep. Conroy claims she will amend the bill and bring it back to committee before trying to pass it on the House floor. But we can’t let up. We have seen far too many examples of politicians who say one thing and do another, especially when our retirement security is at stake. And whatever tweaks might be made to this legislation wouldn't change the fact that unilateral pension cuts are unfair and unconstitutional.

As background, IMRF pensions have a simple-interest cost-of-living adjustment (COLA). IMRF COLAs do not compound, so the 13th payment helps compensate for the lack of a compounded COLA and only exists because of a hard-fought battle by public employees and retirees in 1992.

The 13th payment is not a "bonus" -- it's the only protection that IMRF members have against inflation. Annual IMRF pensions are modest, averaging only $15,700 in 2013. The 13th payment is modest too, averaging just $343 last year.

Lastly, IMRF is a healthy retirement system, funded at 96%. There is no pension funding crisis for IMRF. HB 3898, HA 1, is simply an outright assault on the modest retirement life savings of middle-class, working and retired Illinois families.

Take action NOW to protect the retirement security of hundreds of thousands of IMRF members. Call your state representative at our toll-free hotline number -- 888-412-6570, or click here to call to tell your lawmaker to oppose HB 3898, HA 1.

Then, call bill sponsor Rep. Conroy at her Springfield office (217-782-8158) and district office (630-415-3520) to tell her to stop this attack on retirement security.

HB 3898, HA 1 Fact Sheet