RTAC is a watchdog group dedicated to protecting and maintaining your pension and health insurance rebates. We work WITH the CTPF but are not a part of it.
Submitted by Name: Ann From: Chicago E-mail: Contact
Comments: I agree with the last two posts suggesting economic boycotts and pointing out the disproportionate number of women who will be affected by any reduction in pensions. The 10 years of no funding (1995-2005) during the largest gain in the stock market in our lifetime must be restored with earnings along with the additional billions of dollars diverted by the legislature when CPS was excused from contributing to our fund and used the money to build schools. The movement to "reform" pensions suggests that the pensions we earned were some kind of scam. With the average pension at $41,000, how can that number be considered outrageous? Is there a plan to mobilize all the unions in this state to vote NO on the amendment on the November ballot? Also, it was my understanding that the 3% was a defined benefit and not a COLA.
Added: September 15, 2012
Submitted by Name: julie From: glencoe E-mail: Contact
Comments: Enjoyed reading about the Wisconsin judge who overturned the Scott Walker collective bargaining law....judge deemed Walker law "unconstitutional"....and "..that one group cannot be singled out...and treated differently...violates equal protection standard"....wonder if this applies to singling out teacher pensions...mostly women...gender bias....(and like Scott Walker....Rahm and Quinn will not go after police and fire that are predominantly male professions)...rank and file teachers are over 80% women...and elderly women...Hmmm!! Sounds like Salem! wonder if Gloria Aldridge would like to represent us?
Added: September 15, 2012
Submitted by Name: julie From: Glencoe E-mail: Contact
Comments: Seems like retired teachers and CTU members need to get a rally going for blocking Amendment 49...maybe at the Medinah Golf Outing Sept 29? Or a two week boycott from shopping to show impact of reduced pensions on local economy....all should watch Bill Moyers show aired in mid August with national union strategists who suggest boycotts to stand up to the Oligarchy...Did not hear a word about unions from the Democratic convention... TRS friends and many CPS teachers do not even know Amendment 49 is on the November ballot!!!
Comments: Oh boy. Just had a long meeting with my state senator along with two other retirees. We are in for a terrible cut in benefits. Funding ratios are not important, health insurance and COLAs are not part of the guaranteed pension, the state has no money, CPS has no money, the list went on and on. There is no sympathy or empathy in Springfield for those of us already retired.
Please visit your legislators soon. Start preparing now for cuts in health care and COLAs. And start to write to news shows like WTTW Chicago Tonight and ask why no one on their panel discussions of pensions is standing up for current retirees.
Added: June 22, 2012
Submitted by Name: Barb From: Elmwood Park E-mail: Contact
Comments: It is not IF we will be hit but how much damage we will sustain from the state and from rahm. So many toxic bills, so little time. Perhaps RTAC should have a blogger board to keep everyone up to date on themost imp. bills and what can be done for each.
One of the worst,to me, is HB 3827, giving CONTROL of the CTPF to the mayor of Chicago. No more elected board members, only apointed members, the majority appointed by the mayor himself. Can you imagine how many budget woes could be solved by "loans" from the CTPF? Can you imagine how many benefits we would then lose? Seriously.
Added: June 13, 2012
Submitted by Name: Martin Wilmot From: Dundee E-mail: Contact
Comments: DITTO...DITTO,,YES, IS ANYONE THERE? WHAT ABOUT SB1673 HA3
Added: May 31, 2012
Submitted by Name: bob From: chicago E-mail: Contact
Comments: IT IS NOW MAY 30 WHY IS LAST UPDATE FROM MAY 21? THINGS ARE HAPPENING FAST. LETS GET UP TO DATE. ALSO AGREE CTU PRESIDENT IS AN EMBARASSMENT TO ALL CHICAGO ACTIVE AND RETIRED TEACHERS.
Name: Ann
From: Chicago
E-mail: Contact
I agree with the last two posts suggesting economic boycotts and pointing out the disproportionate number of women who will be affected by any reduction in pensions. The 10 years of no funding (1995-2005) during the largest gain in the stock market in our lifetime must be restored with earnings along with the additional billions of dollars diverted by the legislature when CPS was excused from contributing to our fund and used the money to build schools. The movement to "reform" pensions suggests that the pensions we earned were some kind of scam. With the average pension at $41,000, how can that number be considered outrageous? Is there a plan to mobilize all the unions in this state to vote NO on the amendment on the November ballot? Also, it was my understanding that the 3% was a defined benefit and not a COLA.