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August 1, 2017 Update on Senate Bill 1

News

This morning Governor Rauner used his amendatory veto on Senate
Bill 1.

“We want our members to understand that first and foremost this
action does not impact current pensions,” said Charles A.
Burbridge, CTPF Executive Director. “Our members will continue to
receive the payments they earned and depend on for retirement
security. The Fund supported Senate Bill 1 in its entirety
because it corrected historical inequities in school funding.
Thousands of our members made phone calls and sent emails to the
Governor supporting this legislation, and we want to thank them
for their efforts.”

CTPF is reviewing the language of the amendatory veto and
studying the implications of the Governor’s action. We will
provide additional information as it becomes available.

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