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SB 1235 RTAC Alert

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SB 1235 RTAC Alert Illinois Senate Bill 1235, sponsored by Senator Donne Trotter, increases the amount of money which the Chicago Teachers Pension Fund (CTPF) can use to subsidize pensioners health care from $65 million to $80 million per year. The increase is needed for the following reasons:. 1) CTPF Retirees pay for their own health insurance as well as the other ancillary costs associated with medical care. 2) Some CTPF Medicare eligible retirees must pay for Part A if they did not earn 40 credits towards coverage from employment in the private sector. 2) CTPF retirees’ health insurance costs are increasing at a rate that well exceeds inflation 3) CTPF retirees’ ancillary costs for co-pays and out-of-pocket deductibles are also increasing at rates that exceed inflation. 4) CTPF’s retiree cohort has increased 42% since 2004 when the current subsidy amount of $65 million was established. 5) CTPF retirees’ subsidy will decrease from the current 50% level in 2016 unless the amount is increased. Please contact your local Illinois State Senator and the Senators who are on the Illinois Senate Insurance Committee to persuade them to support SB1235. The listings are found at: Democratic Members Republican Members Chair Senator Bill Haine (56) Senator Terry Link (30) Minority Spokesperson Senator [email protected] [email protected] William "Bill" Brady (44) [email protected] Vice Chair Senator Senator John Mulroe (10) Napoleon Harris (15) [email protected] Senator Tim Bivins (45) [email protected] [email protected] Senator Antonio Munoz (1) Senator James Clayborne (57) [email protected] Senator Dan Duffy (26) [email protected] [email protected] Senator Ira Silverstein (8) Senator Jacqueline Collins (16) [email protected] Senator Matt Murphy (27) [email protected] [email protected] Senator John Sullivan (47) Senator Michael Hastings (19) [email protected] Senator Chapin Rose (51) [email protected] [email protected] Senator Lind Holmes (42) Senator Dave Syverson (35) [email protected] [email protected] .
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