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Take Action Now:
House Bill 3695 up for Vote in Committee
House Bill 3695 could be considered in the Illinois Senate Executive Committee as early as Wednesday, May 6, 2015.
The important legislation reinstates the pension tax levy diverted from CTPF in 1995.
What to do Next
Please reach out and ask the members of the Senate Executive Committee and your State Senator to support HB 3695.
Need help finding your legislator's contact information?
Click here for the Legislative Action Center
You can find links to your local legislators and a sample e-mail that you can send directly to your legislator.
Share your voice
Contact the members of the Senate Executive Committee to share your support:
About Bill 3695
- The legislation reinstates the pension tax levy diverted from CTPF in 1995.
- Prior to 1995 CTPF had a dedicated property tax revenue which provided a stable source of income. When the levy was diverted, CPS skipped pension payments for more than a decade.
- Underfunding of pensions is the primary cause of today's financial difficulties.
- Reinstating the levy is an important FIRST STEP toward full funding for CTPF Pensions.
- CTPF has more than 63,000 active and retired members. Members live in every legislative district in Illinois.
- The Chicago Teachers' Pension Fund, the Retired Teachers Association of Chicago (RTAC), and the
Chicago Principals and Administrators Association support this bill.
Additional Information
House Bill 3695 cleared a major hurdle on April 14, 2015, when it passed out of the Illinois House on a vote of 102 to 9.
The bill is being sponsored in the Senate by Sen. Mattie Hunter (D-Chicago) with Co-Sponsors Sen. Don Harmon (D-Oak Park), Sen. Ira I. Silverstein (D-Chicago), Sen. William Delgado (D-Chicago), Sen. Napoleon Harris, III, (D-Harvey), Sen. Kwame Raoul (D-Chicago), Sen. Martin A. Sandoval (D-Cicero), and Sen. Heather A. Steans (D-Chicago).
CTPF will share information as it becomes available, and we post on Facebook and Twitter first. Please make sure you "like" us on Facebook and follow us on Twitter to stay up to date.
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