92nd General Assembly
Status of HB1688
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 Full Text  Bill Summary

   40 ILCS 5/16-127          from Ch. 108 1/2, par. 16-127                     
   40 ILCS 5/16-128          from Ch. 108 1/2, par. 16-128                     
   40 ILCS 5/17-133          from Ch. 108 1/2, par. 17-133                     
   30 ILCS 805/8.25 new                                                        

        Amends the Downstate and Chicago Teacher Articles of the  Pension      
   Code.    Allows  purchase  of  service  credit  for  up  to 3 years of      
   employment by a recognized private  school.   Requires  payment  of  a      
   contribution  plus interest.  Amends the State Mandates Act to require      
   implementation without reimbursement.  Effective immediately.               
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of HB1688 cannot be determined, as the amount      
          of service credit that would be purchased is unknown. According      
          to TRS and CTRS, the required contributions fully fund the           
          actuarial cost of the service credit.                                
   FEB-15-2001  H  FILED WITH CLERK                                               
   FEB-15-2001  H  FIRST READING                                                  
   FEB-15-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-21-2001  H       ASSIGNED TO COMMITTEE               PERS PENSION          
   FEB-23-2001  H  ADDED AS A JOINT SPONSOR                 MCCARTHY              
   MAR-01-2001  H                        PENSION NOTE FILED                       
   MAR-01-2001  H                   COMMITTEE               PERS PENSION          
   MAR-16-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary