TC-SB2404Tired of seeing teachers being laid off because of state funding cuts and frustrated at decades of pension mismanagement, State Senator Tom Cullerton (D- Villa Park) lent his support Thursday to a plan that begins to reform the state pension systems while also protecting workers constitutional rights.

“This isn’t an easy vote. But it’s been put off for too long by too many. I got elected to solve problems and there’s no bigger problem than this one,” said Senator Cullerton, a Villa Park Democrat serving his first term in the Illinois Senate.

Cullerton noted that the state’s pension payment is going up nearly $1 billion in the upcoming budget year and will squeeze out resources that would have otherwise gone to school funding and assistance for the needy. If nothing is done, those payments continue to increase for the foreseeable future.

The proposal – Senate Bill 2404 – that Cullerton supported is also backed by a group of labor unions including AFL-CIO, AFSCME, the IFT, the IEA and more. The plan offers employees and retirees a range of choices regarding their pension benefits in an effort to adhere to the strict constitutional protections and result in significant savings.

It’s estimated the plan could result in nearly $46 billion in savings to taxpayers over the next 30 years and reduce next year’s pension payment by more than $800 million.

“By bringing the teachers and other hard-working public sector employees to the table we were able to find an agreement that protects jobs, protects our priorities and protects taxpayers,” Cullerton said.

For details about SB 2404, visit the Senate Democrat Caucus website here.

Petition: Do Not Tax Retirement Income

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Welcome to the official website of Senator Tom Cullerton. Please fill out our contact form to contact Senator Cullerton directly or you may call either of our offices. We look forward to hearing from you.

District Office
338 S. Ardmore Ave.
Villa Park, IL 60181
P: (630) 903-6662
F: (630) 903-6643

Springfield Office
122 Capitol Building
Springfield, IL 62706
P: (217) 782-9463