SB 1040--it's not over yet

The House passed their version of SB 1040 on June 14—the last day of session—and it was expected that the Senate would do the same. But they didn’t. They adjourned without having taken any action because they didn’t have the votes to pass it. Some Senators still oppose the House’s move to keep new hires in a hybrid pension plan. They would prefer new hires be stripped of any pension and be put into a defined contribution 401(k) plan. 

Until July 18, legislators are back in their home district talking to constituents and campaigning to save their seats. It’s a good time to make face-to-face contacts with your legislators and let them know how financially destructive SB 1040 is to current school employees, retirees and future education employees. Tell them using school employees to fix a systemic problem with the retirement system—one they didn’t create—is not fair.