Legislation Updates
Last update 5/20/2013
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Read about a new legislative initiative to repeal the Federal GPO-WEP offset here.
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Read about the State Union's proposal on pension reform and comments on its constitutionality here.
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Read James Ward's testimony on the healthcare rebate legislation here.
Check the status of this bill here.
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Read (and forward) a comprehensive letter from Mark Renz about our pension here.
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Read a letter-to-the-editor from CTU pension Chair Jack Silver here.
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Go to the latest CTPF Legislation Advocacy page here. 
(This page includes contact information for legislators and committees.)
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Read the complete text of Kevin Huber's testimony before the State of Illinois Senate Pensions and Investments Committee here.  (Please wait-it is a REALLY BIG file) (Courtesy of CTPF.)
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Read Governor Quinn's press release on pension reform here.
Note the following (courtesy of our lobbyist):
When he concluded his prepared remarks a few things were very clear: 1) the plan does not affect current retirees, 2) the recommendations from the Governor and his working group will only affect active employees, 3) the Governor is committed to mandated funding for the 5 state funded retirement systems ONLY, 4) there were no proposals or solutions that will assist the Chicago Teachers' Pension Fund in its quest for more funding from the State or CPS, and 5) he believes the proposals or "choices" for current employees is constitutional.  Also, during the Governor's press conference he alluded that in the future he may implement transferring the liability to the local school districts and universities but there was no agreement among his working group to implement those changes at this time. 

Please see the summary from the Press Release below:
The Governor’s proposal provides for 100% funding for pension systems by 2042 and makes the following changes to the current plan:

• 3% increase in employee contributions
• Reduce COLA (cost of living adjustment) to lesser of 3% or ½ of CPI, simple interest
• Delay COLA to earlier of age 67 or 5 years after retirement
• Increase retirement age to 67 (to be phased in over several years)
• Establish 30-year closed ARC (actuarially required contribution) funding schedule
• Public sector pensions limited to public sector employment
• Some of the proposal is outlined in the attached press release.  (Read the release here.)
  

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Read the remarks made by Illinois Senate President John Cullerton at the 2011 Fall luncheon here.
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Go to the 'Pending Bills' page and look at the status of most, if not all of the possible pension legislation introduced in the current session of the Illinois Legislature by clicking here.
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