tag:blogger.com,1999:blog-2607144762948150931.post8144464486333049052..comments2023-06-27T08:39:54.324-07:00Comments on Pension Vocabulary : Future Tier II and Tier III Hires Looking at 401K'sJohn Dillonhttp://www.blogger.com/profile/10516552420300264491noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2607144762948150931.post-41162810499967279292017-07-20T05:59:31.490-07:002017-07-20T05:59:31.490-07:00What remains a critical issue is that redistributi...What remains a critical issue is that redistributing the funding burden to the state’s school districts and to their teachers and property taxpayers is unreasonable and unwarranted, and that legislators bear in mind that offering a fair and sustainable pension plan for teachers is a priority, not only for teachers but for the public school districts in Illinois. What is also at stake here is whether “the best and brightest” possible teaching candidates become one of the state’s exigencies. The state will not attract or retain the “best” teaching aspirants without offering an equitable and solvent defined-benefit pension plan for them. Finally, what continues to be most crucial for all of us is that policymakers in Illinois guarantee a minimum level of payment to the public pension systems and pay the unfunded liability, thus, upholding the state’s constitutional obligation while maintaining their legal and moral responsibility. gbrownhttps://www.blogger.com/profile/13435049339082622611noreply@blogger.comtag:blogger.com,1999:blog-2607144762948150931.post-52944169908395234442017-07-20T05:55:03.763-07:002017-07-20T05:55:03.763-07:00"Your future 401K will likely not be protecte..."Your future 401K will likely not be protected under Article XIII, Section 5":<br /><br />Your future 401K WILL NOT BE PROTECTED under Article XIII, Section 5!gbrownhttps://www.blogger.com/profile/13435049339082622611noreply@blogger.com