Posts tagged "debt"

Just The Facts: A Primer on Illinois Pensions

Over the last few years we have all been engaged in an effort to find a sensible, workable solution to Illinois’ pension crisis. Simply put, the current pension system is unsustainable and poses the threat of overwhelming the state’s budget if left unaddressed. More immediately, the state’s broader budget issues cannot be resolved until the... Read more »

The Solution is Pension Reform. Let's Work Together to Save Our State.

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Illinois has a major problem on its hands — and, it’s not going away. It’s Illinois’ pension problem. And, it impacts us all. Whether you are a hard-working teacher, employee of the State, a taxpayer or a family trying to make ends meet, everyone in Illinois is affected. Watch here to learn more. How serious... Read more »

We Support Our Teachers - You Should Too!

We Support Our Teachers - You Should Too!
Last week, we released a video to inform suburban and downstate teachers in Illinois that their pensions are at risk. As you know, there are two sides to every story, and we felt it was important that teachers hear some of the facts that their leaders and others are not telling them. As you can... Read more »
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A Message to Teachers: the Truth about your Pension

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Illinois is Broke – $140 BILLION in debt – and if you’re a teacher its bad news for you. It’s basic math. There is not enough money to pay benefits to current retirees, much less you. That money being deducted from your pay check each month is going to pay benefits to current retirees. So... Read more »

PENSION REFORM FIRST

By now you’ve seen the billboards. We are asking the Illinois legislature to address the pension crisis that is breaking the state budget and causing a financial meltdown in our state. We need your help to spread the word: “Pension Reform First.” It’s clear. Our current pension program is unsustainable and it is not only bankrupting our state... Read more »

Pension vote hours away -- call your legislators now!

It all comes down to this. We just got word that the historic pension reform bill you’ve supported for so long could come to a vote in the next few hours. Call your legislators right now and tell them to vote “yes” on Senate Bill 512. Even if you’ve already contacted them, they need to... Read more »
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Worse than California

Think California is having economic problems? Moody’s just announced that we have the second-worst credit rating of any state in the country, just behind California. But it’s worse for us because we have a problem that they don’t have — a pension crisis that’s only getting more dangerous. We’re ranked dead last in the country... Read more »

It's time to act

You know what’s at stake — now we need to get to work. We’re just weeks away from a potentially historic vote on pension reform legislation that could save our state from financial disaster. I am writing, from one Illinoisan to another, to ask for your help in sending a powerful message to our leaders... Read more »

The Burden of Retiree Health Care Costs

Retirement-related programs for Illinois’ public employees have more than $140 BILLION in unfunded obligations and debt, which are growing every year.   The three retiree health care plans for state workers, downstate teachers and community college workers account for $44 BILLION of those unfunded obligations.    100% PREMIUM SUBSIDY   Government workers who participate in... Read more »
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Make Your Voice Heard!

Illinois is STILL Broke, but we have launched exciting new features on our website to help you get involved in bringing Illinois back to financial stability!   Our added features make it easy for you to:    CALL YOUR LAWMAKERS Elected officials have raised your taxes but failed to address the REAL problem – $140 Billion in unfunded... Read more »