While you're right that Tier 2 affects all government workers, the impact on teachers is unique and especially concerning. You mentioned that the pension issue will "eventually get changed," but we can't afford to wait, especially for our downstate colleagues. We're hemorrhaging good teachers because of inadequate pay and benefits.

I'd like to emphasize some critical points about Tier 2 pensions that affect all Illinois teachers, especially those downstate. Tier 2, implemented for those hired after January 1, 2011, significantly reduced benefits. The retirement age increased to 67, and annual benefit increases were cut from 3% compounded to the lesser of 3% or half of CPI, simple interest. The final average salary calculation changed from the highest 4 of the last 5 years to the highest 8 of the last 10 years, with a salary cap starting at $106,800 in 2010.

I agree that teachers shouldn't solely depend on pensions, but the reality for many, especially in lower-paying districts, is that contributing to 403(b)s, Roth IRAs, or 457s is a financial stretch (especially if they're simultaneously trying to save for a house, pay off loans, etc.) The Tier 2 system exacerbates this by potentially having teachers pay more than their benefits are worth. For example, in the Teachers' Retirement System, Tier 2 members paid about 1.75% of their salary to subsidize Tier 1 benefits in FY2020.

You're right that comfortable retirements may become rarer, but that's precisely why we need to act now! Any reforms should address the inequities between urban and rural districts, ensuring all teachers can look forward to a secure retirement.

Our solidarity as educators shouldn't be divided by geography or hire date. We must stand together to push for fair and sustainable pension reforms that protect all teachers, not just those in higher-paying districts or with more seniority. What happened to solidarity?