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 Teachers Article of the Illinois Pension Code. Raises the maximum allowable service retirement pension from 75% to 80% of average salary. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

	Pension Note (Pension Laws Commission)
	HB 3203 would increase the accrued liability of the Fund by $124.4 million. The corresponding increase in total annual cost would be $11.3 million, or 0.64% of payroll.

Actions 

Date	Chamber	Action
2/27/2003	House	Filed with the Clerk by Rep. Robert S. Molaro
2/27/2003	House	First Reading
2/27/2003	House	Referred to Rules Committee
2/28/2003	House	Assigned to Executive Committee
3/11/2003	House	Pension Note Filed
3/13/2003	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2005	House	Session Sine Die

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