Contrary to speculation, SB 1040--legislation that attacks school employee retirement benefits--saw no action on the Senate floor today.
Changes to the bill don’t help current or future employees. And current retirees will be feeling a huge impact if this bill passes and doubles their health care premiums--on top of the new pension tax legislators imposed last year. With the average teacher pension at $20,000, SB 1040 will force many retirees to choose between filling a prescription and buying groceries.
The bill didn’t move off the Senate floor today because you’ve been in contact with State Senators. Keep up the pressure!