Monday, July 17, 2017

IEA was neutral on pension theft. What else is new? – Fred Klonsky

IEA was neutral on pension theft. What else is new? – Fred Klonsky:

IEA was neutral on pension theft. What else is new?

klickna
“There are no neutrals on a runaway train.” Howard Zinn
Illinois President Cinda Klickna showed up long enough to explain the legislature’s recent pension theft and then quickly left town.

Her two terms as president of the organization ended last week.
But not before declaring that the largest teachers union in the state was neutral on creating a defined contribution pension system for Tier II and Tier III teachers.
Because of their neutrality, there was no lobbying call for members to oppose what had been a long-standing union position of opposition to turning our pensions into any privately run annuity.
1.     Were there pension changes in the new FY 18 State budget?
Yes, there were changes made to pensions in SB 42, one of the three budget bills that make up the FY18 State budget.
2.     How does SB 42 impact pensions?
Within Senate Bill 42, the budget implementation bill, the General Assembly created a third tier for new hires under most pension systems, including State Universities Retirement IEA was neutral on pension theft. What else is new? – Fred Klonsky:

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