Public employees and retirees know there are no equal rights when resolutions and proposals are made to underpin and to sustain the fortunes of a few at the expense and victimization of the state’s public employees and retirees.
Public employees and retirees know that to possess a right to a promised deferred compensation, such as a defined-benefit pension, is to assert a legitimate claim with all Illinois legislators to protect that right, and that fulfilling a contract is a legal and moral obligation justified by trust among elected officials and their constituents.
Moreover, HJRCA 18 would not reduce the state systems’ current $130+ billion unfunded liability that was largely created by the Illinois General Assemblies and Illinois governors; HJRCA 18 would not address the real fiscal issue caused by the state’s out-sized pension debt—in other words, how to amortize the $130+ billion debt owed to the five state-sponsored retirement systems in a feasible way. It would also take three-fifths of the members elected to each house of the General Assembly.
To also ignore the Fifth and Fourteenth Amendments of the U.S. Constitution and change laws that protect one group of people is to ignore due process and equal protection of the laws that guarantee contractual agreements.
Andersson has recently removed his name from the bill; McDermed has added her name.