Iowa
Related: About this forumIowa Republicans Plan To Dismantle IPERS
https://blogforiowa.com/2017/12/11/iowa-republicans-plan-to-dismantle-ipers/Posted on December 11, 2017 by Trish Nelson
For the 2018 session, Iowa Republicans already have filed legislation to mess with the retirement of hundreds of thousands of public employees.
Senate File 45 would begin to dismantle IPERS and other Iowa public retirement programs by blocking new Iowa workers from joining them as of July 2019.
It would also require studies on transforming IPERS into a risky defined contribution plan, one subject to the whims of the stock market.
This Monday, December 11, Iowa State Treasurer Michael Fitzgerald and Senator Matt McCoy are holding a 1 PM Statehouse news conference on the threats that IPERS and other retirement programs face in the 2018 session of the Iowa Legislature.
Video of the news conference will be available on the Iowa Senate Democrats Facebook page.
bobbieinok
(12,858 posts)GOP is incredibly evil at all levels of govt.
IIRC many Iowans have contempt for state 'bureaucrats' and think state univ profs are 'way overpaid for working at most 3 to 4 hrs a day per week with 3 month summer vacation.' (Don't remember if public school teachers are in IPERS, but contempt doubled for them.
I lived in IA from 68 to 89. Great state, tons better than OK. Then the religious right took over the state GOP and well, ...see what's there now.
Frustratedlady
(16,254 posts)It was doing just fine when they made a bad investment. They got some of the money back, but not all (if I remember correctly). We've paid into that fund for years and my children/grandchildren are teachers and doing the same thing, today. They've stolen their seniority and union rights. How else do they intend to punish teachers and public employees? God, I hate them!
rurallib
(63,220 posts)once they fuck things up royally, it is nearly impossible to put them back.
Frustratedlady
(16,254 posts)Trashing the unions smelled like the Kochs and so does this. Braindead taught Reynolds well. She should be ashamed of herself.
rurallib
(63,220 posts)My impression of Reynolds is that she has almost no clue what she is doing and she is doing what she is told to do. My guess the most powerful person in Iowa right now is Drew Klein who is the Koch brothers' "minder" (as it were) as the leaders of the Americans for Progress (Koch's lobbying group) in Iowa.
You may remember he was the lone witness to Branny signing the union busting bill: from the Register:
Frustratedlady
(16,254 posts)Leave IPERS alone.
I rarely worried about them in the past, no matter what happened nationally, but that is no longer true. I suspected the Koch bros' influence, but hoped otherwise.
How could Wisconsin and Kansas be considered success stories? Obviously, lying is rampant in the Republican party and, in my opinion, unsalvageable in the future.
This truly makes me ill.
progressoid
(50,755 posts)Also, it's keeping my parents alive.