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SUAA Mini Briefing 05.20.2017 and Alert!

To All SUAA Members! Going from months of no activity to seemingly fast movement this past week was quite a transition. Blinking an eye could cause you to miss something important. This next week could be the same way as there are only 9 working days left. Adjournment is scheduled for Wednesday, May 31.

Take a look at the Alert on Page 2. Currently working Tier I employees should especially take action!

Don’t forget to register for the 2017 Annual Meeting. There is still availability for the trip to Panama.

And if you haven’t seen Crain’s Chicago news article “The Illinois Pension Disaster – What Went Wrong” check it out here.

Linda L Brookhart
Executive Director

State Universities Annuitants Association

www.suaa.org

SUAA Mini Briefing 05.20.2017.pdf

 
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Posted by on May 20, 2017 in Uncategorized

 

GSU SUAA Legislative Alert–Immediate Action Requested

GSU SUAA
Legislative Alert
ISSUE:

SB 16, HB 4027, and HB 4045, which propose amendments to the Pension Code that will reduce pension benefits for Tier I employees and will create a Tier III Hybrid plan for new employees.

The Governor and others continue to look for ways to get around the constitutional prohibition against cutting the benefits of all Tier I employees (those hired before 1/1/2011). Using the principle of “consideration,” their argument is that if employees are given something in return for the reduction in benefits, then the cuts would be constitutional.

CONCERNS:

SB 16, HB 4027, and HB 4045 affect all Tier 1 active employees in SURS. Each requires employees to make an irrevocable choice between two options:

1) Accepting a delay and reduction in his/her cost-of-living annual adjustment when he/she retires; or

2) Agreeing that his/her pension benefit would be calculated using only his/her current salary, excluding all future pay

increases from calculation of his/her benefit.

An employee who chooses Option 1 receives a “consideration payment” of 10% of the employee’s past pension contributions, and the employee’s future contribution rate is decreased by 10%. However, the amount the employee receives would be far less than what he/she would lose.

These bills are projected to save $1 billion a year, but that does not address the pension debt. Reamortization is a way to address that. The proposed changes impact the viability of SURS and ultimately the ability to honor commitments to retirees.

WHAT TO DO:

Contact your legislators to urge them to vote NO on SB 16, HB 4027, HB 4045 or any other bill that cuts the pension benefits of SURS and other public employees.

You can find your legislators’ contact information at the District/Official Search at the Illinois State Board of Elections.

TIMING:

Contact your legislators as soon as possible, preferably TODAY.

 
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Posted by on May 19, 2017 in Uncategorized

 

Yesterday and Today at the Capitol from SUAA

To All SUAA Members!

Yesterday in the House Personal and Pensions Committee, SUAA Attorney Aaron Maduff, Maduff & Maduff, LLC, testified against HB 4027 and HB 4045 – PENSION changes for Tier I currently working and the creation of a Tier III Hybrid. Both of these bills were identical and sponsored by House Majority Leadership and House Minority Leadership. Both of these pieces of legislation are almost identical to SB 16 which is part of the Grand Bargain – again, PENSION changes for Tier I currently working and the creation of a Tier III Hybrid. While the testimony was quite good and convincing, the bills passed out of committee and will be heard on the House Floor. We would like to particularly thank Representatives Carol Ammons and Scott Drury for their no votes. Other Representatives thought the battle should be fought on the House Floor. This most likely will happen either Thursday or Friday.

Today SB 42, which is a budget implementation bill, failed on the Senator Floor (27 – 24 – 05). Within the content of this bill was language to remove the continuing appropriation for the College Insurance Program provided to Community College retirees. There was also language to remove the Teachers Retirement Insurance Program.

While there is a lot of interesting discussion (yelling) on both the House and Senate Floor, we hope that the theatrics stop and a budget can be reached without further destruction to our campuses and personnel. And now the possibility of attacking Community College retirees and Retired teachers.

Senate Bill 16 just passed the Senate (31-21-00) It was unanimously decoupled from the Grand Bargain. Heads to the House.

Linda L Brookhart
Executive Director

State Universities Annuitants Association

www.suaa.org

Testimony onHB 4045.pdf

 
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Posted by on May 17, 2017 in Uncategorized

 

2017 SUAA Annual Meeting & Hotel Information Reminder

Save the dates and pack your bags!
2017 SUAA ANNUAL MEETING
Tuesday, June 20 and Wednesday, June 21

President Abraham Lincoln Springfield Double Tree Hotel

701 East Adams Street, Springfield, Illinois 62701

Hotel: 217.544.8800
Reservations: 1.866.210.7502

Rate is $111 single or double (Hotel Reservations need to be made by June 5th)

Foundation Meeting – 10:30a.m. (Registration begins 10a.m.)

2017 SUAA Annual Meeting – 11:45a.m. (Registration begins 10:30a.m.)

**********

2017 SUAA ANNUAL MEETING ONLINE REGISTRATION begins Monday, MAY 22

More details COMING SOON! Mark your calendars and watch your email and this space!

Meeting Agenda will be emailed and posted to the website soon.

Linda L Brookhart
Executive Director

State Universities Annuitants Association

 
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Posted by on May 16, 2017 in Uncategorized

 

2017 SUAA Call for Nominations!

To the SUAA Membership!

Announcing the 2017 Call for Nominations for the positions available on the SUAA Executive Committee. This invitation to nominate a fellow SUAA member comes to you on behalf of the 2017 Nominating Committee.

As a member you can nominate yourself or you can nominate someone else!

The attached form provides all of the information needed for a nomination. Nominations and forms are due on June 7th, 2017.

Thank you for participating.

Linda L Brookhart
Executive Director
State Universities Annuitants Association
linda
www.suaa.org

Call for Nominations 05.15.2017docx.docx

 
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Posted by on May 16, 2017 in Uncategorized

 

GSU SUAA Meeting Notes March & April 2017

Click on the links below to download, read, print GSU SUAA’s meeting notes for March and/or April 2017. Files are in PDF format.

GSU SUAA Meeting Notes – 3/16/17
GSU SUAA Meeting Notes – 4/20/17

 
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Posted by on May 13, 2017 in GSU SUAA, Meetings

 

GSU SUAA Annual Luncheon — Last Call!

GSU SUAA Members,

Please join us for the GSU SUAA Annual Luncheon, Thursday, May 18, in Engbretson Hall at 12:00 noon.

We hope you will take this opportunity to relax, enjoy a delicious lunch, and visit with other members.

There will be a short business meeting from 11:30 to 12:00 in Engbretson. Everyone is welcome to attend the meeting, but you need NOT attend the business meeting to attend the luncheon.

If you haven’t RSVP’d yet, do so today to ckrock73@hotmail.com

Colleen Rock Ellis
On behalf of the GSU SUAA Board