Author: PASS202

The Commission on Government Forecasting & Accountability reports that as of 6/30/13 the funding levels for the systems are:

 

TRS        42.5%   Teachers Retirement System

SERS      35.7%  State Employees Retirement System

SURS      43.7%  State Univerity Retirement System

JRS         29.8%   Judges Retirement System

GARS     17.0%  General Assembly Retirement System

Avg.       41.1%

Unfunded Liability $97.464 billion

 

IMRF      96.7%

Unfunded Liability $1.2 billion.

The fight for a Fair Tax will continue into the next legislative session and for as long as it takes to pass an amendment that will ensure that public schools and public services are adequately funded and able to serve the people of our state.

Because the state senate adjourned without voting today, time has run out for the Fair Tax resolution to move through the senate in time to meet the legislature’s deadline for this session.

This means that our focus will now shift to making sure the state income tax remains intact and does not expire as scheduled at the end of the year.

This is not the end by any means. The graduated income tax (Fair Tax) remains a top priority for IEA. The hard work done by so many leaders and staff has raised awareness and support. We will fight on in the next session for the Fair Tax.

You will be hearing a lot more about the need to make permanent the Illinois income tax . Your help will be required to achieve this very necessary goal..

Thank you for all you have done, and all you will do, for our state, our schools and our students.

More information: http://www.ieanea.org/2014/04/29/sponsor-says-fight-for-fair-tax-will-continue

For those 12 month and 9 month employees that work during the summer months the District will again be on the 10 hour work day schedule. There will be a District memo coming out shortly to indicate when the start and end of this schedule will take place.

Since the 4th of July is on a Friday this year the District will observe July 3rd as the holiday.  Thus it will only be a 3 day work week for those affected employees.

The 2014 National Education Association Annual Meeting and Representative Assembly will be in Denver, CO at the Denver Convention Center. Illinois elected state delegates will be participating in the RA along with 8,000 delegates from across our great country to shape NEA’s future.

The first caucus of the IEA delegation will be held at the Hyatt Regency Denver, 650 15th Street, Denver, CO 80202 at 1:00 p.m. on Tuesday, July 1, 2014. Caucus meetings begin promptly at 7:00 a.m. on July 2 and each morning thereafter. These meetings are where delegates discuss and set positions on vital issues affecting us all. The first NEA RA business session will be held on Thursday, July 3. The final session is expected to adjourn no earlier than 6:00 p.m. on Sunday, July 6, 2014.