Below is the text of SB1, the pension reform bill being voted on tomorrow. The summary alone gave us enough evidence this was a bad bill for taxpayers and was poised to make the situation much worse in the coming years. Now we have the details.
So far Bruce Rauner and Dan Rutherford have come out against the bill for different reasons. Kirk Dillard is flip flopping and now wants to see the text first and Pat Quinn and Bill Brady are all in to support forcing the taxpayers to pay more while reducing what government union employees contribute. From their statements below it is easy to determine who is really supporting the taxpayers of Illinois and who is supporting the government union bosses instead.
From Statement on Dec 1 – “This Tuesday a group of Springfield insiders, many of whom caused the pension crisis with decades of bad deals and giveaways, will try to rush through a pension deal without giving Illinoisans an opportunity to study the details. They want us to trust them. We don’t – and can’t.”
Sun-Times 12/2/2013 – “Having examined the information available, I do not support the current legislation,” Rutherford said in a statement on Monday. “I do not believe it will withstand judicial review should it pass the Illinois General Assembly.”
Rutherford is using the language of the public sector unions in his dislike of the bill.
“I always supported pension reform. I want to see what the final bill is — but I can’t imagine I wouldn’t be (in support),” Dillard told the Sun-Times. “Pension reform is not an easy vote — it’s not a matter of being easy, it’s a matter of being fiscally prudent for the taxpayers and retirees.” Sun-Times 12/1/2013
Chicago Tribune 12/2/2013 – Like the unions, Dillard questioned the constitutionality of the plan, saying it lacked a “true bargain,” or give and take, with employees over the changing of their benefits.
“As we learned the hard way when then House Speaker Nancy Pelosi ram-rodded Obamacare through Congress by telling us that ‘we need to pass the bill in order to find out what’s in it,’ we must not rush a vote on pension reform.”
“Addressing pension reform is an essential first step in working our way out of a deep fiscal hole,” Dillard said. “But we must know what’s in bill and not rush a vote merely because we’ve been assured by the leaders and Governor Quinn that this is the best deal for the people of Illinois.”
Dillard also argued the bill is too complex and the issue too important to be voted on merely on the recommendation of legislative leaders. “Any effort by the leadership of the General Assembly to pass critically needed pension reform on the basis of “trust me” would be in keeping with many years of back rooms deals ratified by dead of night votes,” Dillard said.
Sun-Times 12/1/2013 – “I will be voting in support of this legislation which has been crafted through months of discussion, exhaustive analysis and legislative debate. It will not be an easy vote by any means; in fact it will be one of the most difficult votes I have ever cast.
It’s not fair to ask state employees and teachers who have paid every dime they owed to the system to make a sacrifice. It’s necessary, however, because governors and legislators who voted for budgets over the last decade did nothing more than delay the resolution we now have before us.”
Rich Miller explains why Pat Quinn needs pension reform to pass on Tuesday.
If pension reform passes by the end of the year, the savings, which could be as high as $1.8 billion in the first year, can legally be used to “balance” Quinn’s introduced budget. With a strong revenue forecast, it’s possible that the coming year’s revenues could almost cover the remaining hole from the tax hike expiration.
|Bruce Rauner||Bill Brady
Read the full bill text at SB 1 Pension Proposal