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

Statutes Amended In Order of Appearance

40 ILCS 5/16-133.2

from Ch. 108 1/2, par. 16-133.2

30 ILCS 805/8.27 new

Synopsis As Introduced
Amends the Downstate Teachers Article of the Illinois Pension Code. Removes the deadline for application for early retirement without discount. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

	Pension Note (Pension Laws Commission)
	The System estimates that the provisions of SB 194 will increase the accrued liability of TRS by $817 million. The increase in annual cost has not been calculated but is estimated to be substantial.

	Fiscal Note (Teachers' Retirement System)
	The legislation will result in an additional $8 million dollars in State contributions to the Teachers' Retirement System in fiscal year 2005.

Actions 

Date	Chamber	Action
2/4/2003	Senate	Filed with Secretary by Sen. Denny Jacobs
2/4/2003	Senate	First Reading
2/4/2003	Senate	Referred to Rules
2/6/2003	Senate	Assigned to Insurance & Pensions
2/19/2003	Senate	Postponed - Insurance & Pensions
2/21/2003	Senate	Pension Note Filed As Introduced
2/27/2003	Senate	Postponed - Insurance & Pensions
3/5/2003	Senate	To Subcommittee
3/13/2003	Senate	Do Pass Insurance & Pensions; 010-000-000
3/13/2003	Senate	Placed on Calendar Order of 2nd Reading March 18, 2003
3/18/2003	Senate	Fiscal Note Requested by Sen. Bill Brady
3/21/2003	Senate	Re-referred to Rules
3/25/2003	Senate	Fiscal Note Filed
1/11/2005	Senate	Session Sine Die

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