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Cinda Klickna - Pension Crisis in Illinois
Cinda Klickna, a life-long educator and current President of the Illinois Education Association (IEA), discusses the history of pension legislation, including Senate Bill 1 of 2013. The Illinois Supreme Court declared SB 1 unconstitutional in 2015 after a lawsuit filed by WE ARE ONE ILLINOIS, a group which had IEA's support. Klickna discussed several factors in the pension crisis, including legislative activity on pension bond sales, pension holidays, early retirement options, COLA enhancement, Tier 2 employees, temporary income tax, and the 1995 Pension Reform efforts. Also discussed was the effort to pass SB 2404 which had union support but was replaced by SB 1.