Yesterdays NEWS Flash Pensions...Significant Today, the Sangamon County Circuit Court granted a temporary restraining order and a preliminary injunction, as requested by the We Are One Illinois coalition and its plaintiffs, halting the implementation of Senate Bill 1 (Public Act 98-599). The law will not go into effect on June 1 as scheduled. This stays the legislation in its entirety so that the pension systems and other defendants are enjoined from implementing or administering any provisions of the act until the court issues a final ruling on the merits of the act’s constitutionality or until further order of the court. In other words, the injunction will remain in effect until a determination is made on the law’s constitutionality, unless the court takes further action on the injunction prior to that time. The court found that plaintiffs have shown a likelihood of success on their contention that Public Act 98-599 violates the Pension Protection Clause of the Illinois Constitution. This is an important first step in our efforts to overturn this unfair, unconstitutional law and to protect retirement security for working and retired Illinois families, said Michael T. Carrigan, president of the Illinois AFL-CIO, on behalf of the coalition. We are pleased the court prudently chose to halt implementation of these sweeping changes, which have caused so much fear and uncertainty and are likely to be overturned. Please continue to monitor the coalitions website and Facebook page for updates. - We Are One Illinois
Posted on: Thu, 15 May 2014 12:20:35 +0000
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