Bill Status of HB 437   93rd General Assembly

Short Description:  PEN CD-DNST TCH-ADMINISTRATIVE

House Sponsors
Rep. Michael K. Smith

Last Action  View All Actions

DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/16-106from Ch. 108 1/2, par. 16-106
40 ILCS 5/16-113from Ch. 108 1/2, par. 16-113
40 ILCS 5/16-127from Ch. 108 1/2, par. 16-127
40 ILCS 5/16-129.1
40 ILCS 5/16-133.2from Ch. 108 1/2, par. 16-133.2
40 ILCS 5/16-136.4from Ch. 108 1/2, par. 16-136.4
40 ILCS 5/16-149.2from Ch. 108 1/2, par. 16-149.2
40 ILCS 5/16-150from Ch. 108 1/2, par. 16-150
40 ILCS 5/16-151from Ch. 108 1/2, par. 16-151
40 ILCS 5/16-182from Ch. 108 1/2, par. 16-182
40 ILCS 5/16-184from Ch. 108 1/2, par. 16-184
40 ILCS 5/16-185from Ch. 108 1/2, par. 16-185
40 ILCS 5/16-186.3from Ch. 108 1/2, par. 16-186.3

Synopsis As Introduced
Amends the Downstate Teacher Article of the Illinois Pension Code. Eliminates the 100-day TRS membership waiting period for persons receiving a retirement annuity under the Chicago Teacher Article. Permits certain teachers who interrupted service under the Chicago Teacher Article because of pregnancy to purchase TRS credit for the period of leave. Incorporates the 2.2% retirement formula into the calculation of the single-sum retirement benefit. Combines the Members' Contribution Reserve and the Employer's Contribution Reserve into a single new Benefit Trust Reserve. Provides for participation in the System by current System employees who elect to participate after a change in position. Provides that a member who elects to receive an optional increase in retirement annuity may make the required contributions in installments over a 24-month period regardless of when the member becomes an annuitant (currently the member must become an annuitant before June 30, 2003). Effective immediately.

 Pension Note (Pension Laws Commission)
 The fiscal impact of HB 437 cannot be determined, but is estimated by the System to be minor.

Actions 
DateChamber Action
  1/29/2003HouseFiled with the Clerk by Rep. Michael K. Smith
  1/30/2003HouseFirst Reading
  1/30/2003HouseReferred to Rules Committee
  2/4/2003HouseAssigned to Executive Committee
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  3/31/2003HousePension Note Filed
  1/11/2005HouseSession Sine Die

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