92nd General Assembly
Summary of HB1740
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House Sponsors:
SMITH,MICHAEL-BOLAND.

Short description: 
PEN CD-TRS-UNUSED SICK LEAVE                                               

Synopsis of Bill as introduced:
        Amends the Downstate Teacher  Article  of  the  Illinois  Pension      
   Code.    Increases  the amount of unused, uncompensated sick leave for      
   which a teacher may receive service credit upon retirement.  Effective      
   immediately.                                                                
          PENSION NOTE (Pension Laws Commission)                               
          The System's actuary has estimated that HB 1740 would increase       
          the accrued liability of TRS by $25.9 million. The estimated         
          increase in normal cost is $1.7 million in fiscal year 2002          
          or 0.02% of payroll.                                                 
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

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


   END OF INQUIRY 



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