Date	Chamber	Action
1/11/2005	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/17-131

from Ch. 108 1/2, par. 17-131

30 ILCS 805/8.27 new

Synopsis As Introduced
Amends the Chicago Teacher Article of the Pension Code. Provides that salary received on or after July 1, 2003 for overtime, summer school, and other optional service shall be included in the calculation of salary for pension purposes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

	Pension Note (Pension Laws Commission)
	According to an analysis prepared by the Fund's actuary (based on the 2002 actuarial valuation) the fiscal impact of HB 1476 depends on the average increase in annual pensionable salary. As the average increase in pensionable salary that would result from HB 1476 is unknown, the actual fiscal impact cannot be calculated, but would probably be within the $9.6 to $67.8 million range.

Actions 

Date	Chamber	Action
2/6/2003	House	Filed with the Clerk by Rep. Michael K. Smith
2/6/2003	House	Chief Co-Sponsor Rep. Dan Reitz
2/6/2003	House	Chief Co-Sponsor Rep. Kevin A. McCarthy
2/6/2003	House	First Reading
2/6/2003	House	Referred to Rules Committee
2/11/2003	House	Assigned to Executive Committee
2/27/2003	House	Added Chief Co-Sponsor Rep. Lou Lang
2/27/2003	House	Added Chief Co-Sponsor Rep. Thomas Holbrook
2/28/2003	House	Pension Note Filed
3/13/2003	House	Rule 19(a) / Re-referred to Rules Committee
5/11/2004	House	Added Co-Sponsor Rep. Marlow H. Colvin
1/11/2005	House	Session Sine Die

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