SB2404: Explained In Pictures

Pension Cuts in SB2404: Explained in Pictures
NOT A SOLUTION. THE BEGINNING OF THE END.

1 Cullerton

1 Madigan

1 Cross

1 Radogno

1 Quinn

1 Klickna Swanson

George

For those of you who prefer words –

Illinois SB2404 requires retired educators to choose between two options:
Retired Option 1

  • The TRS COLA would continue to be 3 percent compounded annually calculated from the member’s current pension.
  • A staggered automatic two year forfeiture of the member’s COLA after the effective date of the bill.
  • Access to state health insurance with the possibility of paying 100% of the premium.

Retired Option 2

  • The TRS COLA would continue to be 3 percent compounded annually calculated from the member’s current pension.
  • No access to state health insurance.

 

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About Ken Previti

https://reclaimreform.com/
This entry was posted in betrayal, corruption, government, lies, pensions, propaganda, Uncategorized and tagged , , , . Bookmark the permalink.

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