91st General Assembly
Summary of HB3263
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House Sponsors:
SAVIANO-CAPPARELLI-MCAULIFFE-BUGIELSKI-LYONS,JOSEPH, 
   MCKEON AND BRADLEY.

Short description: 
PEN CD-CHGO TCHR-SURVIVORS MIN                                             

Synopsis of Bill as introduced:
        Amends the  Chicago  Teacher  Article  of  the  Pension  Code  to      
   increase  the  minimum  total  survivor's pension to 50% of the earned      
   retirement pension for survivors of members who died before January 1,      
   1987.  Amends the State Mandates Act to require implementation without      
   reimbursement.  Effective immediately.                                      
          PENSION NOTE (Pension Laws Commission)                               
           Increase in accrued liabilities                  $10.0 million      
           Increase in total annual cost (0.03% of payroll) $ 0.5 million      
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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