Bill Text: IL HR0816 | 2013-2014 | 98th General Assembly | Introduced

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Bill Title: Declares that it is the sense of the House that the Illinois General Assembly must make annual contributions to the Chicago Teachers' Pension Fund in an amount equal to 20-30% of the amount of the annual State contribution to the Teachers' Retirement System of Illinois.

Sponsorship: Partisan Bill (Democrat 12)

Status: (Failed) 2014-12-03 - Session Sine Die [HR0816 Detail]

Download: Illinois-2013-HR0816-Introduced.html

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HR0816 LRB098 16987 EFG 52069 r
HOUSE RESOLUTION
WHEREAS, The Chicago Teachers' Pension Fund serves 18% of
the teachers in Illinois but receives less than 1% of State
funding for teachers pensions; and
WHEREAS, For every dollar allocated to downstate and
suburban pensions, Chicago teachers receive less than a penny;
and
WHEREAS, Chicago's taxpayers bear a double burden, funding
the Teachers' Retirement System of Illinois and its own system,
the Chicago Teachers' Pension Fund, without equal benefit; and
WHEREAS, Pursuant to Public Act 89-0015, the Illinois
General Assembly agreed that each fiscal year it would make a
contribution to the Chicago Teachers' Pension Fund in an amount
equal to 20-30% of the contribution the State makes in that
fiscal year to the Teachers' Retirement System of Illinois; and
WHEREAS, In an attempt to mitigate the potential for
underfunding the Chicago Teachers' Pension Fund in the future,
Public Act 89-0015 required the State to use its best efforts
to make enhanced contributions to the Chicago Teachers' Pension
Fund when its funded ratio dropped below 90%; and

HR0816 - 2 - LRB098 16987 EFG 52069 r
WHEREAS, The Chicago Teachers' Pension Fund Board of
Trustees, which is comprised of contributors, annuitants,
administrators, and Board of Education appointees who serve in
a fiduciary capacity on the board, supports enhanced funding
for the Chicago Teachers' Pension Fund; and
WHEREAS, Jay Rehak, Lois Ashford, Raymond Wohl, Jeffrey
Blackwell, Tina Padilla, Bernie Eshoo, Walter Pilditch, Mary
Sharon Reilly, Robert Bures, Jerry Travlos, Dr. Carols
Azcoitia, and Andrea Zopp support full funding for the Chicago
Teachers' Pension Fund and urge the State of Illinois to
fulfill its promise to fund pensions for Chicago teachers;
therefore, be it
RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE
NINETY-EIGHTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that
it is the sense of this House that the Illinois General
Assembly must make annual contributions to the Chicago
Teachers' Pension Fund in an amount equal to 20-30% of the
amount of the annual State contribution to the Teachers'
Retirement System of Illinois.