MOLARO. 40 ILCS 5/17-127 from Ch. 108 1/2, par. 17-127 40 ILCS 5/22-1001 from Ch. 108 1/2, par. 22-1001 40 ILCS 5/22-1003 from Ch. 108 1/2, par. 22-1003 Amends the Illinois Pension Code to provide additional State funding for the Chicago Teachers Pension Fund. Increases the annual State contribution to the Fund over a 7-year phase-in period beginning in fiscal year 2001, so that by fiscal year 2008, the annual State contribution is sufficient, with the other revenues available to the Fund, to meet the normal cost and amortize the unfunded liabilities of the Fund over a period of 40 years. Effective immediately. PENSION NOTE (Pension Laws Commission) FY State Contribution 2001 $ 75.0 million 2002 82.7 million 2005 108.1 million 2020 186.0 million 2030 270.9 million 2040 394.9 million 2047 519.5 million 99-02-02 S FIRST READING 99-02-02 S REFERRED TO SENATE RULES COMMITTEE RULES 99-02-03 S ASSIGNED TO COMMITTEE INS & PENS. 99-03-08 S PENSION NOTE FILED 99-03-10 S TO SUBCOMMITTEE 99-03-10 S COMMITTEE INS & PENS. 99-03-20 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary