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.