Alerts at RTACAlertNetwork
Read about a new
legislative initiative to repeal the Federal
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
letter from Mark Renz about our pension here.
Go to the latest CTPF
Legislation Advocacy page here.
(This page includes contact information for
Read the complete text of Kevin Huber's testimony
before the State of
Illinois Senate Pensions and Investments Committee
(Please wait-it is a REALLY BIG
file) (Courtesy of
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
the Governor and his working group will only affect
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
Read the remarks made by Illinois
Senate President John Cullerton at the 2011 Fall
- 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
- Establish 30-year closed ARC (actuarially required
- 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
legislation introduced in the current session of the
Legislature by clicking here.
to the RTAC Home page.