Rep. Willis Supports Measure Addressing Public Pension Crisis
11/04/2013SPRINGFIELD, Ill. – Taking a step forward to address Illinois’ billions of dollars in unfunded pension liability, state Rep. Kathleen Willis, D-Addison, released the following statement following her vote in support of the bi-partisan conference report approved by the General Assembly on Tuesday:
“When I took office, I refused to accept a lawmaker pension and made a commitment to support legislation that would bring long-term security to our public servants that have diligently made contributions throughout their careers. This week, the General Assembly passed a comprehensive reform measure that bolsters the programs’ financial solvency and alleviates mounting costs that have forced devastating cuts to programs aimed at helping our most vulnerable residents.
“The measure ensures that government meets its obligations to the four public pension systems, impacting teachers, professors, state employees and legislators, by establishing an ironclad payment schedule to achieve full funding, provides a contribution guarantee to prevent the state from skipping payments and reduces employee contributions. Moreover, it addresses ballooning cost-of-living adjustments, puts a stop to pension abuses that have allowed non-state employees to collect benefits and saves taxpayers more than $160 billion over the next 30 years.
“There are few responsibilities I take more seriously than the retirement security of my constituents, and the unfortunate reality is that mistakes of past are jeopardizing the retirement benefits of not only current employees, but those in the future. Our action today is a significant step towards remedying a crisis decades in the making.”
For more information, please contact Willis’ full-time constituent service office at (708) 562-6970 or by email at email@example.com.
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