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Tell Gov. Pritzker: Stand With Public Employees on Tier 2

We Are One Illinois just filed SB 1937, amended legislation that makes real progress to ensure public employees on Tier 2 can receive a more fair and decent pension while also strengthening the state’s finances for the long term.


Gov. Pritzker plays a crucial role at this moment. For months, he and his office have emphasized the importance of ensuring that any legislative changes to Tier 2 strengthen the financial standing of both our pension systems and the state as a whole.


Now, we have a proposal that we believe satisfies the governor’s fiscal requirements to fix Tier 2 pensions: it will not add to the state’s unfunded pension liability, nor negatively impact the state’s credit ratings, nor require significant additional funding from the state budget this year or in the near future. We wrote to the governor today updating him on our Tier 2 progress and asking him to stand with us in supporting this legislation.



SB 1937 addresses the four core areas where Tier 2 benefits have fallen short for public employees, including:

  • Improving the final average salary calculation

  • Lowering the retirement age

  • Improving the cost of living adjustment

  • Increasing the Social Security Wage base to address the so-called “Safe Harbor” problem

In short, this proposal can put us on a path to improve the inadequate and insufficient Tier 2 pensions for public employees while also addressing our state’s decades-long pension funding problems – and without damaging our current budgetary situation.


We need you to contact Gov. Pritzker by email or by calling (844) 217-7510 right away and ask him to stand with public employees and support SB 1937, We Are One Illinois’ legislation to make significant improvements to Tier 2 pensions.


 
 

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