Full Text of HR0641 96th General Assembly
HR0641 96TH GENERAL ASSEMBLY
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HR0641 |
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LRB096 14763 MJR 29616 r |
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| HOUSE RESOLUTION
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| WHEREAS, The Illinois Teachers' Retirement Insurance | 3 |
| Program (TRIP) was enacted in 1995 to provide a comprehensive | 4 |
| program of health care coverage for retired teachers and their | 5 |
| eligible dependents; and
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| WHEREAS, The number of enrollees in TRIP for FY 2009 was | 7 |
| 64,636; overall, membership is expected to increase in FY 2010 | 8 |
| to 67,260 or 4.1%; in comparison, the number of enrollees in FY | 9 |
| 2000 was 38,446 or 42.8% less than the FY 2009 enrollment; and
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| WHEREAS, On average, the cost of TRIP is increasing at a | 11 |
| faster rate, 9.9%, than the overall funding sources of the | 12 |
| program, which are increasing at a rate of 5.4%; and
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| WHEREAS, In reviewing FY 2008 and FY 2009 revenues and | 14 |
| expenditures, it is evident that the funding sources for TRIP | 15 |
| are not adequate; and
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| WHEREAS, Projections by the Department of Healthcare and | 17 |
| Family Services show TRIP is projected to have a negative cash | 18 |
| balance of $81 million by FY 2011; this amount will grow | 19 |
| substantially in future fiscal years without changes in the | 20 |
| funding or benefits, or both, of TRIP; and
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LRB096 14763 MJR 29616 r |
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| WHEREAS, Since its inception, TRIP has experienced | 2 |
| escalating costs to the program; increased retiree premiums, | 3 |
| increased active teacher and State contributions, and school | 4 |
| district financial assistance are recent changes to the TRIP | 5 |
| program in FY 2003 and FY 2005 to keep the program solvent; and
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| WHEREAS, The most recent changes made to TRIP were | 7 |
| established in Public Act 93-679; the legislation (1) raised | 8 |
| the premiums for retired teachers; (2) increased the | 9 |
| contributions from active teachers, school districts, and the | 10 |
| State; and (3) included a continuing appropriation of $13 | 11 |
| million per fiscal year for 3 years to maintain benefit | 12 |
| enhancements, which expired at the end of FY 2007; and
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| WHEREAS, Public Act 93-679 also established a 10-member | 14 |
| Teacher Retirement Insurance Program Committee that is | 15 |
| appointed by the Governor; the committee is required to meet at | 16 |
| least 4 times a year to consider and make recommendations on | 17 |
| issues affecting TRIP that shall be based on the consensus of | 18 |
| the committee; and
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| WHEREAS, The Teacher Retirement Insurance Program | 20 |
| Committee has not been appointed by the Governor, despite the | 21 |
| dire fiscal projections for TRIP in FY 2011; therefore, be it
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| RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE |
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LRB096 14763 MJR 29616 r |
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| NINETY-SIXTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we | 2 |
| urge the Governor to appoint and convene the Teacher Retirement | 3 |
| Insurance Program Committee as mandated by Public Act 93-679 to | 4 |
| begin stakeholder discussions on maintaining the solvency of | 5 |
| TRIP in FY 2011 and beyond; and be it further
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| RESOLVED, That that a copy of this resolution be delivered | 7 |
| to the Governor.
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