b"1905 1907 1911The Board reorganizes with activist May 13, The Chicago Tribune reports,Legislation allowed the board ofJane Addams elected President.Joy for the Teachers who were jubilanteducation to add an amount equal Addams pursues a new version of theover the passage of two pension bills. One billto the deduction from salaries for pension law whichreorganized benefits and granted teachers anpensions.will ensure sustainableelected Board of Trustees which included 6 benefits. members elected by teachers and 3 from the1914Board of Education. The second allowed the Board of Education to make contributions toThe Fund secures its own office the Fund from interest accumulated onon the sixth floor of the Tribune education funds. This was the first timeBuilding, Room 630.funding for pensions would come from sources other than teachers.1970 1972Voters approve the Pension Protection Clause, Pensions were exempted from state income tax.Article XIII, Section 5, of the Illinois constitution1973during the December 1970 special election.CTPF debuts the first spring Pre-Retirement Membership in any pension or retirement system Conference a precursor to the modern day of the State, any unit of local government or schoolRetirement programming. Contributors who district, or any agency or instrumentality thereof,were on the Board of Education shall be an enforceable contractual relationship,Compulsory Retirement list were invited to the benefits of which shall not be diminishedfill out the retirement application and learn or impaired.about benefits and services. 2005 2010 2013 2018May 20, 2005, CTPF movesTier II pensions created forLegislation establishes a PensionJeffery Blackwell to 203 North LaSalle Street,workers hired on or afterOfficer at each charter school. the Fund's 26 thfloor. January 1, 2011.first African - 2006 Legislation also reduces CPS2016-2017 American male pension payments $1.2President, elected CTPF launches ctpf.org. billion from 2010-12. Public Act 99-521 reestablished the(2018-present) 2011 CTPF tax levy. Public Act 100-465 CTPF sendschanged the Illinois education funding E-LERT formula, established the States Time sensitive information from the Chicago Teachers Pension Fund first email Proposed State AppropriationMarch 29, 2011 obligation to fund the normal cost of Cuts CTPF Funding 68% communication The State of Illinois is on the verge of passing an appropriation bill which woefullyChicagos teacher pensions, and underfunds the Chicago Teachers Pension Fund. to members.Illinois House Speaker Michael J. Madigan filed an amendment to viding more than $2.5 Illinois House Bill 3639 which further cuts CTPF funding to $10.4 million while pro provided funding for retiree health billion in funding for the downstate Teachers Retirement System. Read the full text of the amendment here.An Unsustainable PatternIn 2010, the State cut CTPF funding by 50% to $32.5 million. Todayin funding from 2009 , the State is pro-posing an additional 68% cut in CTPF funding, an 85% reduction levels. er cutting our revenue,insurance.The state cannot continue to ignore its obligations to Chicagos teachers. Legislators tween 20 and 30% of the should uphold their stated goal of funding CTPF at a rate of bemonies allocated to the downstate (TRS) system instead of furthremarked Kevin B. Huber, executive director, CTPF. This bill funds CTPF at less than .05% of what TRS will receive. This simply isnt fair to Chicagos teachers or taxpayers. It has to be fixed. ACTION ITEMS1. Act Quickly. Write, call, or e-mail Governor Quinn, Senate President Cullerton, Speaker Madigan, bill sponsor Representative William Davis, and Kevin McCarthyCTPF be re-, chair, Personnel and Pensions Committee, to demand that funding for , March 30, at 8:30 a.m.stored. The bill will be heard on WednesdayingHouse Bill 1544 which requires the state to fund CTPF at a rate equal to 20% ofTRS. This bill recently moved out of commit- 52. Encourage your legislators to uphold their promise to Chicagos teachers by support the -funding allocated to the downstate system, tee but faces an uphill battle. Lend your support to this critical legislation."