- Published: Wednesday, October 28, 2015 02:32 PM
CARLINVILLE — State Senator Andy Manar (D-Bunker Hill) joined the Macoupin County Retired Teachers Association in Carlinville today to reassure them that their retirement security is not in jeopardy despite the ongoing budget impasse in Springfield.
Republican Comptroller Leslie Munger recently announced she will not make the full, required payment to the state’s retirement funds. This announcement has created concerns and confusion over whether retirees will still receive the checks they earned – and contributed toward – during their careers.
Manar, however, pointed out that the pension payments to retirees are constitutionally required and the retirement funds have plenty of resources to continue meeting their responsibilities to retirees.
“Pension payments to all state retirees are a promise, one that’s backed up by the Illinois Constitution and reaffirmed by the Supreme Court. No matter what is going on in Springfield, the men and women who spent their careers teaching generations of students should remain confident that they will continue to get their monthly payments,” said Manar.
Manar urged the comptroller to find ways to make the full pension payment and help broker a commonsense budget compromise.
“Any budget compromise must first begin with fully funding the required payments to the state’s pension systems,” said Manar. Governor Bruce Rauner’s budget proposal released in February 2015 shorted the state’s pension systems approximately $2 billion in expected contributions for the current fiscal year.
It was decades’ worth of irresponsible decisions like we now see from Comptroller Munger that led to the state’s more than $100 billion pension debt,” said Manar. “We need to move forward and honor our commitments, not revert to irresponsible past practices that everyone acknowledges were wrong.”