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Pension talking points.

July 26, 2012

As we have battled for our pension rights over the past year, we have used the basic talking points provided by the IEA:

  • Any changes to TRS must be constitutional.
  • Any changes must bring financial stability to the system.
  • Any changes must be fair to members.

These have been good, but not enough as we head into an August House session in Springfield and a veto session of the General Assembly following the November election.

Following discussions with many TRS members around the state, let me suggest these:

  • We reject any plan that treats this as a benefit problem. It is a revenue problem.
  • The attack on benefits will have serious consequences for the economy of the state. A cut to TRS benefits will negatively impact the living standards of all working people in Illinois.
  • We will prepare for a defense of our constitutional protections.
  • Illinois must end its regressive tax-the-poor system and replace it with a progressive graduated income tax.
  • State elected officials must address the repayment of the $40 billion owed to our pension system. The debt can be restructured but must be paid back.
  • A cost shift of the pension responsibility to local school boards will unfairly punish active TRS members who work and taxpayers who live in cash-strapped districts.

 

One Comment leave one →
  1. granny permalink
    July 26, 2012 11:41 pm

    “State elected officials must address the repayment of the $40 billion owed to our pension system. The debt can be restructured but must be paid back.”

    Especially the part that was borrowed to build infrastructure like schools, roads,… Give me a break! Our retirement has been treated like the state’s piggy bank.

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