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

Statutes Amended In Order of Appearance

40 ILCS 5/17-116

from Ch. 108 1/2, par. 17-116

30 ILCS 805/8.27 new

Synopsis As Introduced
Amends the Chicago Teacher Article of the Pension Code. Provides that a teacher may receive a retirement pension at age 60 with 10 years of service. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

	Pension Note (Pension Laws Commission)
	According to an estimate prepared by the Fund's actuary (based on the 2002 actuarial valuation), HB 2230 would increase the accrued liability of the Fund by $35.8 million. The corresponding increase in total annual cost would be $5.2 million, or 0.29% of payroll.

Actions 

Date	Chamber	Action
2/19/2003	House	Filed with the Clerk by Rep. Angelo Saviano
2/19/2003	House	First Reading
2/19/2003	House	Referred to Rules Committee
2/21/2003	House	Assigned to Executive Committee
2/28/2003	House	Pension Note Filed
3/13/2003	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2005	House	Session Sine Die

Back To Top