Question to the IEA Board of Directors this morning: Did you know about cutting off the subsidy to TRIP?
Now that it has been revealed that part of the deal that it appears the We Are One coalition agreed to with Senate President John Cullerton includes an end to any subsidy towards the Teacher Retirement Insurance Program (TRIP), what will the IEA leadership say?
The IEA Board of Directors meets this weekend. The BOD includes Region Chairs from around the state.
Did THEY know?
I assure you that active teachers did not know.
Retirees did not know.
SB2404 is now clearly an unconstitutional bill, cleverly designed to look like a choice for consideration.
But there is no consideration.
The choice is to give up the compounded COLA that we already have and is protected by the pension protection clause of the Illinois Constitution in exchange for access to TRIP – but with members paying 100% of the premium and it is not protected.
I ask again.
Did We Are One know that they bargained this?
If they didn’t know, why didn’t they?
And why didn’t we?
Will somebody on the BOD being asking those questions today?