Serving Illinois State Employees Since 1923

Thursday, March 7, 2013

HB1154- Pension Bill- UPDATE

Today, amendments to HB1154 were voted on and here are the results:
Amendment 6 to freeze COLA's for ten years failed 2-67.

Amendment 7 to cap pensionable salary at $113,000 passes 65-7-1.

Amendment 8 to increase employee contributions by 4% fails 11-58-2.
This is great news for our members and for all State employees!!
Keep checking back for more updates on legislative issues and if anyone at your workplace reports that they are not receiving our emails, please have them get in touch with us immediately so that we can get their email address added or updated.

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