From IRTA (Illinois Retired Teachers Association)
House Minority Leader Cross announced on Wednesday that he will call SB512 for a vote when the General Assembly returns on November 8th. Cross stated that he has 30 Republican votes for the measure. Cross is depending on Speaker Madigan and the House Democrats to supply the additional 30 votes for passage. It is uncertain if the House Democrats will provide the additional votes. As a reminder SB512 provides a three-tiered pension system for active teachers. This legislation does not impact your pension directly. It will affect the funding of TRS and put more of the burden on the State to provide additional funds to comply with the pension funding law.
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