State of Illinois Archives: on Social Security
Allow old age beneficiaries to also receive unemployment
Senator Harris co-sponsored legislation SB1225: Amends the Unemployment Insurance Act.
Provides that none of the amount received by an individual as primary social security old age and disability retirement benefits shall constitute disqualifying income.
Source: VoteSmart synopsis of 2015-2016 Illinois legislative records
Mar 27, 2015
Move state pensions towards a defined contribution system
Illinois has the worst pension crisis in America. We cannot secure Illinois' economic future without fundamental reforms to our pension system. We must keep our promise to current retirees, but we put all government workers at risk by continuing to
promise a pension no one can afford.
The victims here are both the taxpayers who cannot afford to pay for these pensions and the workers who have been misled by union bosses and career politicians into believing these unsustainable pensions will be
there for them.
We have reached a crossroads on the issue. I believe we must choose to address this problem head-on. No tinkering around the edges. We must boldly reform our pension system. To do that, we can:
Source: 2014 Illinois Gubernatorial campaign website BruceRauner.com
Nov 4, 2014
- Ensure pay and benefits do not rise
faster than the rate of inflation.
- Eliminate the ability of government employees to receive massive pay raises before they retire just to increase their pension.
- Cap the current system and move towards a defined contribution system.
Opposes efforts to privatize, or increase the payroll tax
Those counting on Social Security and Medicare should not have to worry about the promises that were made to them are kept. Mike opposes efforts to privatize, raise the retirement age or increase the payroll tax.
Congress must work together to prevent the financial collapse of these programs by promoting bipartisan efforts to address systemic problems and ensure its longevity for current and future generations.
Source: 2014 Illinois House campaign website, BostForCongress.com
Nov 4, 2014
Simpson-Bowles got it right. put everything on the table
Q: The Democrats want more revenue, Republicans want to deal with the entitlements. Where is there a reason to be hopeful that Congress can get to something meaningful here?
DURBIN: This may be heresy, but I think Simpson-Bowles got it right.
Put everything on the table. We know that come ten years from now, Medicare is not sustainable financially. We've got to do something. Why wait ten years to see that reality? We know that Social Security has 20 years or perhaps less.
What are we going to do about it today, in a small way, that will give it this longevity. And I have to say to the Republican side, for goodness' sake, we have a tax code that takes
$1.3 trillion out of the treasury each year and in that, we cannot find some savings, closing some loopholes, quote, raising revenue? Well, of course we can.
Source: Meet the Press 2013 on 2014 Illinois Senate race
Oct 13, 2013
Voted NO on increasing state employees' pension plans
Oberweis voted Nay on SB 1, "Amends State Employees' Pension Plans". Bill Passed Senate 30-22. Vote Smart's Synopsis:
Source: VoteSmart synopsis of Illinois 2013-2014 voting records
Mar 20, 2013
- Establishes the "Optional Cash Balance Plan" which provides to participating Tier I employees an automatic annual increase
in retirement annuity of 3%, or 1/2 of the annual unadjusted percentage increase in the Consumer Price Index, of the original granted retirement annuity
- Authorizes Tier I employees from the following retirement systems to opt into the Optional Cash
Balance Plan: Teachers, State Employees, State Universities, Judges, General Assembly.
- Requires Tier I employees to make a decision to opt into the retirement annuity plan by May 31, 2014
- Requires Tier I employees participating in the Optional Cash
Balance Plan to make a contribution to the applicable retirement system at the rate of 2 percent of each payment of salary
- Authorizes a participant in the optional cash balance plan to begin collecting a retirement annuity at age 59 and one-half
Balance budget by reforming our public pension systems
Do we want, in the years to come, a prosperous Illinois where working people continue to have good jobs, where businesses thrive, and where all our children have a world-class education? Or do we want to stop the progress and watch our economic recovery
This is a choice about whether we'll make the tough decisions necessary to balance our budget by reforming our public pension systems, or whether we will let our jobs, our safety, and our schools be squeezed out by skyrocketing pension costs.
We have a tall task ahead of us. This is no small issue. And doing what's hard isn't always what's popular at the moment. But, we must remember that hard is not impossible.
We cannot allow our economic recovery to be held hostage by the pension crisis.
We simply must act. Our vision for our Illinois cannot be fully realized without pension reform. This problem cannot be delayed, deferred, or delegated to the next session, or to the next generation.
Source: 2013 State of the State speech to Illinois Legislature
Feb 6, 2013
Page last updated: Dec 11, 2015