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UPDATE:
House Bill 3695 Unanimously Passes Executive Committee
MAY 6, 2015: House Bill 3695 unanimously passed out of the Illinois Senate Executive Committee today. It will be called for a floor vote in the near future.
This important legislation reinstates the pension tax levy diverted from CTPF in 1995.
ACT NOW
Please reach out now  and ask your
State Senator to support HB 3695.
Need help finding your legislator's contact information? Not sure what to write?
Click here for the Legislative Action Center
The Action Center has links to your local legislators and a sample e-mail that you can send directly to your State Senator.
Click here for a Fact Sheet about this legislation.
Additional Information about HB 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 (CPAA) support this bill.
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), Sen. Heather A. Steans (D-Chicago), Sen. Donne E. Trotter (D-Chicago), and Sen. Emil Jones, III (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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