- United States
- Ill.
- Letter
URGENT TIER II UPDATE
To: Gov. Pritzker
From: A constituent in Gurnee, IL
May 29
Illinois public employees are asking Gov. JB Pritzker to stand with public employees and support SB 1937, We Are One Illinois' legislation to fix the Under the current broken system, public workers hired since 2011 receive "Tier 2" pension benefits, meaning they pay the same toward their pension but get broken Tier 2 pension system for teachers, nurses, firefighters and other public service workers and retirees less. They have to work longer, retire later, receive a lower benefit at retirement and can't keep pace with rising costs. That undercuts retirement security for public employees and makes it harder for schools, universities, cities, counties and the state of Illinois to attract and retain needed workers. This legislation will:
Improve the final average salary calculation
Lower the retirement age
Improve the cost of living adjustment
Increase the Social Security Wage base to address the so-called "Safe Harbor" problem This newest proposal also reforms and modernizes the way we pay down the unfunded pension liability.
In short, this proposal can put us on a path to improve the inadequate and insufficient Tier 2 pensions for public employees while also addressing our state's decades-long pension funding problems - and without damaging our current budgetary situation.Use the tool to email your Gov. Pritzker and tell him to support this fix to Tier 2 pensions this