DEKALBDue to the overwhelming public response to the first pension seminar, State Sen. Brad Burzynski (R-Clare) and State Sen. Dave Syverson (R-Rockford) are inviting area residents to join them on Tuesday, Feb. 21 to learn more about Senate Bill 27 and the changes made to the state retirement systems.
Sen. Burzynski explained that in the spring of 2005, Gov. Rod Blagojevich and his legislative allies pushed through a massive raid on the states pension systems in Senate Bill 27 (now Public Act 94-0004). As a result, $1.2 billion was diverted from the state retirement systems last year.
Every teacher and state employee, as well as taxpayers and future taxpayers, are invited to the pension seminar to find out more about Senate Bill 27, and learn how this pension raid will affect the state pension systems and the future of Illinois, said Sen. Burzynski. The seminar is a forum for the public to ask questions, voice any concerns, and obtain background on a complicated but very important issue.
In 2006, the General Assembly is scheduled to divert another $1.1 billion, for a total two-year raid of $2.3 billion. Syverson said that over 10 years, more than $4.8 billion will be diverted from state retirement funding.
Sen. Syverson commented, Last year, $1.2 billion was diverted, and this year an additional $1.1 billion will be siphoned out of the retirement systemsunless the public unites in opposition to the pension raids. Its important to understand why money was diverted from the pension systems and be aware of what the implications of these raids include.
Seminar details: Tuesday, Feb. 21 at the Northern Illinois University, Rockford Campus, Auditorium, 8500 E. State St. Seminar starts at 6:30 p.m.
Please join Sen. Burzynski and myself on Tuesday, Feb. 21 to find out more about Senate Bill 27, find out where your money is going, and learn how you could help protect the integrity of the states retirement systems, said Sen. Syverson.
For more information, visit www.senategop.state.il.us or call 815-895-6318.
From the Feb. 15-21, 2006, issue