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STATE
OF
(SEE
BELOW
-
CLICK HERE -
FOR FEDERAL LEGISLATION)
A small but meaningful victory in 2010 - 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 full $75 million during the next session.
(see HB4582 below)
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.
(CLICK HERE
FOR A LIST OF
THE
2012 LEGISLATION AND THE CURRENT STATUS OF THAT LEGISLATION)
For the latest
status go to Legislation
status - Illinois or
click on the bill number in the table below
| Proposed RTAC
Legislation for 2012 |
Proposed CTPF
Legislation for 2012 |
|
|
| Bill |
Sponsor | Status | Proposed Action |
| Proposed Legislation Which May be
Introduced During the 98th
Legislative Session (2012) (See below for 2011 & 2010 Legislation) |
|||
| HJRCA0005 | Cross Madigan |
Passed out of House Personnel and Pensions Committee | Proposes a Constitional Ammendment which would require a three-fifths vote of the Chicago City Council prior to any pension benefit increase. Read the full text here. (OPPOSED) |
| # |
Apply the Illinois Income Tax to
Pensions. (OPPOSED) |
||
| # |
|
Adds a fourth pensioner to the CTPF Board of Trustees (in favor) | |
| # |
Raise
the
health
insurance
rebate
authorization from $65,000,000 to
$100,000,000 (in favor) |
||
| # |
Changes
reimbursement
for
health
care
to a flat 75% (in
favor) |
||
| # |
Directs
CPS
to
'Demand'
that
the Chicago City Council levy a property tax of
0.1%
with the proceeds to go to the Pension Fund (in favor) |
||
| Raises
the
maximum
allowable
service
retirement pension from 75% to 80% |
|||
| allows
teachers
to
receive
a
pension at age 60 with 10 years of service |
|||
| Liberalizes
the
provisions
relating
to
validated service |
|||
| Eliminates
the
required
contribution
for
converting past service to the augmented
retirement formula and provided for a refund and a recalculation of
payments |
|||
| Allows for overtime, summer and other
optional services to be included in the salary for pension calculation
purposes |
|||
| Provides
for
a
one-time
increase
in certain annuities |
|||
| Extends
circumstances
for
dependent
children
of deceased teachers |
|||
| Increases
the
minimum
total
survivor's
pension to 50% of earned retirement
pension for survivors of members who died prior to 1/1/87 |
|||
| 97th Legislative Session (2011) | |||
| HB3827## |
Cross Senger |
Referred
to
the Personnel and Pensions Committee HEARINGS CANCELED |
Proposes
to
replace the current CTPF Board of Directors (2 appointed, 10 elected- 6
teachers, 3 retirees and 1 principal/administrator), with a 7 person
Board of Directors with 4 members appointed by the Mayor of Chicago and
3 elected members (1 retiree and 2 teachers) . DETAILS HERE (OPPOSED) |
| SB512## |
Cullerton(S) Madigan(H) Cross(H) |
Passed
in Senate See Senate vote Not called for a House vote. |
Changes the way pensions are funded for CURRENT employees.
Read the entire bill (300+ pages) here.
(OPPOSED) |
| HB1544# |
M. Davis |
LOST See House vote |
Requires
the
State
to
give CTPF an appropriation equal to 20% of the TRS
appropriation (in
favor) |
| SB1831# |
Raoul |
ENACTED See Senate Vote See House Vote |
Change the definition of service credit granted to 'a day for a day' (in favor) |
| HB3639# |
Madigan(H) Steans(S) |
ENACTED See House vote See Senate vote |
Cuts
appropriation to CTPF by 68% to $10,500,000 after already being cut 50%
last year (OPPOSED) |
| 96th Legislative Session (2010) | |||
| 1946 Enacted |
ENACTED 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 (opposed but enacted in 2010) |
|
| HB4582 Defeated |
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. (in favor but defeated in 2010) |
|
| ****Get a combined summary of the complete vote on both 1946 and HB4582 here**** | |||
Voice your opinion!!
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more effective than phone calls.
STAND BY FOR FURTHER CALLS TO ACTION!
(For subject hints, see the Lobbying page.)
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direct information, use these official government
links:
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status - Illinois
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