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发帖数: 6339 | 1 CHICAGO (FOX 32 News) -
There is a lot of concern among retirees Tuesday night as they look ahead
and try to assess just how the pension deal will impact their income.
SEE: Illinois Legislature approves fix for $100B pension crisis
Jennifer Edwards is not only upset, she feels betrayed. For 30 years she
worked as an office administrator at the University of Illinois Chicago and
contributed to her pension. But with Tuesday's deal, her UIC pension will be
reduced as the 3 percent COLA — or cost of living allowance -- will be
replaced with a system that only provides for increases on a portion of her
benefits.
"Now that's gonna be reduced, and it's estimated on my pension, which is
about 35,000," Edwards said. "In 10 years I'll lose about 30 percent. That's
a lot.
"Everything is going up, okay, so I'm already cutting back, so I'm gonna
have to figure out some other ways to cut back," she continued. "I may have
to give up my house."
Neighbor Betella Warren, a retired CPS teacher won't be affected by this
deal, but Chicago pension reform is coming next year. She is concerned for
friends also living on a fixed income.
"When I heard the news, I was like, this is totally ridiculous," Warren says
. "Totally ridiculous."
Edwards said lawmakers who promised to stand with pensioners and then voted
for this deal anyways are turncoats who will reap the consequences the next
election.
"We have vowed, me and other retirees in my age group, that we are going to
vote them out of office," Edwards said.
The first protests are scheduled for Wednesday.
Read more: http://www.myfoxchicago.com/story/24128484/illinois-retirees-react-to-pension-reform-bill#ixzz2mX3kbzI9 |
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