There are better ways to balance the state budget than on the backs of elderly retired teachers who rely on meager pensions to survive, Senator Andy Manar (D-Bunker Hill) said today.

“The Republican proposal would cost retired teachers in Illinois thousands of dollars by driving up out-of-pocket health care premiums,” Manar said. “I will continue to oppose any proposals by Republican lawmakers and Gov. Rauner that rely on raiding the pensions and health care funds for retired teachers to balance the state budget.”

Manar’s remarks were made in response to concerns raised today by the Illinois Retired Teachers Association regarding Republican budget plans that rely on underfunding state pension plans and reducing appropriations for retiree health care in order to claim they are “balanced” proposals.

A budget introduced by Republicans earlier this year cut the Illinois Teachers’ Retirement Insurance Program (TRIP) by more than 30 percent ($23 million), and the latest Republican budget nearly doubles the original GOP cuts to TRIP, slashing subsidies by $40 million, with plans to phase out health care assistance for retired teachers.

The Senate’s balanced budget, which passed on May 23, does not rely on massive cuts to retired teachers to close the $5 billion gap in Gov. Rauner’s budget. Manar said the state should keep its promises to retired teachers.

“Let’s start looking to the billionaires and corporations that can afford to kick in more, rather than the elderly retired kindergarten teachers who live in subsidized housing and ration their monthly checks to the penny so they can afford to buy groceries and pay the light bill,” Manar said.

Category: Latest News

Working Families

School Funding Reform

 

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