Transforming Teaching...
...one bad idea at a time.
My recent letter to Kelly Cassidy, who is my own representative in Springfield.
My recent letter to Kelly Cassidy, who is my own representative in Springfield.
Hi Kelly,
I hope you're well.
I'm writing to ask if you could provide, or if you could ask TRS to provide, a few sample scenarios for how a retirement would look for employees hired the under the cash balance plan with a comparison of how that same employee's retirement would look under Tier I and Tier II.
During the debate around SB512 in 2011, Daniel Biss asked a similar question to Leader Cross, Speaker Madigan, and Ty Fahner's two pension consultants -- he asked about how a pension system member's benefits would be calculated if they spent part of their career in Tier I and
