Amendment 49- An attack on your pensions-update

The  implications  of Amendment 49 which will appear on the upcoming ballot are becoming clearer.  This amendment is a definite blow to our pensions. By making any improvement in pensions subject to 60% approval by the legislature, the amendment virtually blocks any positive measures.  This is especially serious for new faculty who are now inContinue reading “Amendment 49- An attack on your pensions-update”

November Referendum Threatens Pensions

The CFA is concerned about CA 49, a referendum on the November ballot which could potentially threaten pension benefits. We reprint here an article on CA 49 from the Chicago Sun-Times of September 23rd. We hope to have more on CA 49 as we carry on investigating its impact. the link is: Pensions amendmentContinue reading “November Referendum Threatens Pensions”

Pension Blues

Cary Nelson It’s no secret that public employee pensions are under political and legislative assault throughout the country. The effort in state capitols is being promoted by conservative think tanks that provide allied senators and representatives with model legislation that either demolishes or degrades existing pension systems. Indeed it is clear from increasing ideological attacksContinue reading “Pension Blues”

Illinois House Moves Against Retiree Benefits

We’re posting the text of an article from the State-Journal Register about the bill in the State Legislature to cut the health benefits of state retirees.  Basically, the bill does away with subsidies for retirees’ health care premiums.  Most SURS retirees with twenty years of  service or more count on a full subsidy for theirContinue reading “Illinois House Moves Against Retiree Benefits”

Illinois state legislature to vote soon on pension reform-take action now!!

Apparently the Illinois state legislature is determined to “solve” the pensions problem during this session. Yet none of the options they are considering offers a real solution. All of them simply shift more burden onto state employees without dealing with the crux of the issue-the need to increase revenue through a graduated income tax. ReadContinue reading “Illinois state legislature to vote soon on pension reform-take action now!!”

Slides from CFA Forum on Pension 4-24-12

Amanda Kass of the Center for Tax and Budget Accountability in Chicago addressed a  CFA public forum on SURS on April 24th. She outlined the historical background of the present pensions crisis, provided a wealth of data to demonstrate how state workers are being penalized for the failure of the state to honor its obligationsContinue reading “Slides from CFA Forum on Pension 4-24-12”

CFA Response to Gov. Quinn’s Pension Proposal

Campus Faculty Association Media Release: Our Response to Governor Quinn’s Pension Proposal April 22, 2012 For Immediate Release The  Campus Faculty Association (CFA) views with grave concern any attempt by Governor Quinn or the state legislature to downgrade pensions of state employees. The governor’s proposal to raise the retirement age to 67 and increase employees’Continue reading “CFA Response to Gov. Quinn’s Pension Proposal”

Quinn: I was “put on earth” to fix the state pension crisis: The governor’s new plan

Yesterday the governor announced his plan to increase employee pension contributions and up the retirement age to 67. Read the story here and get the latest details at the CFA Public Forum on pensions, Tuesday, April 24th at 4 p.m. at the University YMCA, 1001 S. Wright St. . Speakers from Chicago’s Center for TaxContinue reading “Quinn: I was “put on earth” to fix the state pension crisis: The governor’s new plan”

CFA Position and Analysis on Pensions Bill SB 512

The Illinois state legislature is currently preparing to vote on SB 512, a bill that would have substantial negative effects on the pension benefits of present and future U of I faculty as well as thousands of other state employees. CFA opposes the passage of this bill. We have produced an analysis and position paperContinue reading “CFA Position and Analysis on Pensions Bill SB 512”