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STATE
OF
(SEE
BELOW - CLICK HERE -
FOR FEDERAL LEGISLATION)
A small but meaningful victory - the annual
$75 million health insurance rebate was funded for a HALF YEAR at $37.5
million, mostly due to the efforts of RTAC's lobbyist. This is
50% of the annual rate. CTPF fared well when compared to many
other agencies ... many received only 40 to 48% of their full year
budget. Consequently the health insurance rebate should remain at
its current level for the next 6 months. We need to be watchful
that we receive the 'other 50%' during the next session.
Another small but meaningful victory squashed - HB 4826
(see below) was passed out of committee to the full House with a
recommendation of 'Do Pass' but then voted down (see below for the
vote).
A BIG defeat for anyone hired after January 1, 2011-
Bill 1946 changes the defined benefit pension plan to a defined
contribution pension plan, does not pay a pension until a retiree
reaches the age of 67 and averages the last EIGHT
years of service to determine the amount of the pension (see below for
the vote).
Be Watchful!
On July 19,
2009, WBBM (780) radio interviewed Senate President Cullerton on their 'At Issue' program. At
one point, when talking about sources of revenue, he pointed out that
Illinois is one of the few states that does not tax retirement income.
For the latest
status go to Legislation
status - Illinois or
click on the bill number in the table below
| Bill
(click link for latest info) |
Sponsor (info below) |
Status as of 5/28/10 |
Proposed Action |
| SB3932# |
L.Viverito | Referred to
Assignments Committee |
Applies the Illinois Income Tax to
Pensions. As written at this time, applies only to the first
$60,000 and will not apply to those over the age of 67. Read the
entire bill here
(especially Pages 15 & 60). |
| 1946 |
Passed See House vote See Senate vote |
Changes the pension from a defined benefit
system to a defined contribution system for employees hired after Jan.
1, 2011 |
|
| HB4582 |
M.
Davis |
Lost See House vote |
Requires the State of Illinois to
contribute to the CTPF at least 20% of what they now pay to the
downstate Retirement System. |
| HB4826#
|
W. Davis |
Referred to Rules
Committee |
Raise the health insurance rebate authorization from $65,000,000 to $100,000,000 |
| HB4827 |
W. Davis | Referred to Rules Committee | Changes
reimbursement for health care to a flat 75% |
| HB4828 |
Rita | Referred to Rules Committee | Accelerates
the annual increase in pensions to the January following the first
anniversary of retirement |
| HB4829 |
Rita | Referred to Rules Committee | Provides
for an early retirement incentive for certain teachers - allows the
purchase of up to 5 years of age enhancement |
| HB4830 |
Rita | Referred to Rules Committee | Raises
the maximum allowable service retirement pension from 75% to 80% |
| HB4831 |
Rita | Referred to Rules Committee | allows
teachers to receive a pension at age 60 with 10 years of service |
| HB4832 |
Rita | Referred to Rules Committee | Liberalizes
the provisions relating to validated service |
| HB4833 |
Rita | Referred to Rules Committee | Eliminates
the required contribution for converting past service to the augmented
retirement formula and provided for a refund and a recalculation of
payments |
| HB4834 |
Rita | Referred to Rules Committee | Allows for overtime, summer and other
optional services to be included in the salary for pension calculation
purposes |
| HB4848 |
Saviano |
Referred to Rules Committee | Directs
CPS to 'Demand' that the Chicago City Council levy a property tax of 1%
with the proceeds to go to the Pension Fund |
| HB4849 |
Saviano | Referred to Rules Committee | Provides
for a one-time increase in certain annuities |
| HB4850 |
Saviano | Referred to Rules Committee | Extends
circumstances for dependent children of deceased teachers |
| HB4851 |
Saviano | Referred to Rules Committee | Increases
the minimum total survivor's pension to 50% of earned retirement
pension for survivors of members who died prior to 1/1/87 |
| HB4857 |
Harris | Referred to Rules Committee | Similar
to HB4870 |
| HB4870 |
Mell | Referred to Rules Committee | Addresses the domestic partner issue |
# bills that have highest interest
| Representative
Michael Madigan 22nd District Chairman of the Rules Committee |
6500
South Pulaski Road Chicago, IL 60629 |
773-581-8000 Springfield # 217-782-5350 |
| Representative
Angelo Saviano 77th District |
14
Conti Parkway Elmwood Park IL 60707 |
708-453-7547 |
| Representative
Monique Davis 27th District |
1234 West
95th Street Chicago, IL 60643 |
773-445-9700 |
| Representative
William Davis 30th District |
1912 W. 174th
Street East Hazel Crest, IL 60429 |
708-799-7300 |
| Representative
Robert Rita 28th District |
2355 West
York Street, Suite 1 Blue Island, IL 60406 |
708-396-2822 |
| Representative
Greg Harris 13th District |
1967 W.
Montrose Chicago, IL 60613 |
773-384-3434 |
| Representative
Deborah Mell 40th District |
3657 N.
Kedzie Avenue Chicago, IL 60618 |
773-267-2880 |
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