Today, Gov. Quinn announced a proposal to address the Illinois pension problem that will adversely impact many active IFT members. His proposal applies to active employees enrolled in the Teachers’ Retirement System (TRS), the State Universities Retirement System (SURS), the State Employee Retirement System (SERS), and the General Assembly Retirement System (GARS).
The proposal that the Governor outlined would be posed to members as a choice. The choice would be for members to choose this benefit package and receive their health insurance or for members to keep the pension benefit structure they currently are afforded but their future salary increases would not count towards their pension and their health insurance benefits would be dramatically reduced or eliminated.
The IFT strongly disagrees with this proposal. Considering that the subject at hand is the ability of hundreds of thousands of Illinoisans to support themselves in retirement, we believe the proposals are insensitive and irresponsible. Please help us make sure that Illinois lawmakers hear us loud and clear.