Read about a new legislative initiative to repeal the Federal GPO-WEP
Read about the State
Union's proposal on pension reform and comments on
its constitutionality here.
Read James Ward's
testimony on the healthcare rebate legislation here.
Check the status of
this bill here.
Read (and forward) a comprehensive
letter from Mark Renz about our pension here.
Read a letter-to-the-editor from CTU pension Chair Jack Silver here.
Go to the latest CTPF
Legislation Advocacy page here.
(This page includes contact information for legislators and
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.)
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
The Governor’s proposal provides for 100% funding for pension systems
by 2042 and makes the following changes to the current plan:
Read the remarks made by Illinois
Senate President John Cullerton at the 2011 Fall luncheon here.
- 3% increase in
- 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)
- Public sector pensions limited to public sector employment
- Some of the proposal is outlined in the attached press
release. (Read the release here.)
Go to the 'Pending
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.
to the RTAC Home page.