Pension Update: Unions, Annuitants File for Injunctions to Stay SB 1

Recent news on pensions: two state-wide organizations have filed for injunctions in the last ten days, seeking to prevent implementation of the pension-slashing bill until courts have considered the current legal challenges to its constitutionality. May 12 – Union coalition “We Are One Illinois”: May 2 – State Universities Annuitants Association:

Our Pensions Are At Risk on December 3

Our pensions are at risk: COLA cuts, hikes in retirement age, and salary caps are going to hurt everyone if proposed legislation passes on December 3. In the current pension crisis, who is fighting the hardest to preserve fair benefits? The President of the university and the Chancellors of the three campuses have issued statements opposingContinue reading “Our Pensions Are At Risk on December 3”

Imminent pension threat – call to action!

Update: President Easter’s massmail explains the vicious pension-cutting proposals on the table in Springfield. He cannot ask you to lobby your legislators. But the Campus Faculty Association is your independent voice as a faculty member and we are working with the Illinois Federation of Teachers to make your voice heard in Springfield. Please call todayContinue reading “Imminent pension threat – call to action!”

Our Weekly Reader for week beginning December 16, 2012

Well … GEO settlements, finals preparation, latkes, fiscal cliffs, eggnogs, Mayan solutions to the pension crisis. Somewhere in here comes Our Weekly Reader. No obvious huge story. Quote of the week is taken from Ford Prefect of the Hitchhiker’s Guide: “They can’t win against obsession. We care. They don’t. We win.” — Bruce 1. CommentsContinue reading “Our Weekly Reader for week beginning December 16, 2012”

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”