Bill Status of HB 1247   93rd General Assembly

Short Description:  PENCD-TRS-EARLY RETMT PENALTY

House Sponsors
Rep. Dan Reitz-Michael K. Smith-David E. Miller-Thomas Holbrook-Jim Watson, Art Tenhouse, Jerry L. Mitchell, William Davis, Charles E. Jefferson, Julie Hamos and Robert Rita

Last Action  View All Actions

DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/16-133.2from Ch. 108 1/2, par. 16-133.2

Synopsis As Introduced
Amends the Downstate Teacher Article of the Illinois Pension Code. Extends the early retirement without discount program through June 30, 2010. Reduces the employee contribution for certain participants in that program. Effective immediately.

 Pension Note (Pension Laws Commission)
 TRS estimates that provisions of HB 1247 will increase the accrued liability of the System by $505.6 million. The increase in annual cost has not been calculated but is expected to be substantial.

Actions 
DateChamber Action
  2/5/2003HouseFiled with the Clerk by Rep. Dan Reitz
  2/5/2003HouseChief Co-Sponsor Rep. Michael K. Smith
  2/5/2003HouseFirst Reading
  2/5/2003HouseReferred to Rules Committee
  2/6/2003HouseAssigned to Executive Committee
  2/20/2003HousePension Note Filed
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  3/19/2003HouseAdded Chief Co-Sponsor Rep. David E. Miller
  3/19/2003HouseAdded Chief Co-Sponsor Rep. Thomas Holbrook
  3/19/2003HouseAdded Co-Sponsor Rep. Art Tenhouse
  3/19/2003HouseAdded Co-Sponsor Rep. Jerry L. Mitchell
  3/19/2003HouseAdded Co-Sponsor Rep. William Davis
  3/19/2003HouseAdded Chief Co-Sponsor Rep. Jim Watson
  3/19/2003HouseAdded Co-Sponsor Rep. Charles E. Jefferson
  3/19/2003HouseAdded Co-Sponsor Rep. Julie Hamos
  3/26/2003HouseAdded Co-Sponsor Rep. Robert Rita
  1/11/2005HouseSession Sine Die

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