40 ILCS 5/17-121 from Ch. 108 1/2, par. 17-121
40 ILCS 5/17-126.1 new
30 ILCS 805/8.25 new
Amends the Chicago Teachers Article of the Illinois Pension Code.
Eliminates the requirement that a person be married to a contributor
for at least 1.5 years immediately prior to the contributor's death or
retirement and on the date of the last termination of the
contributor's service in order to receive a survivor's pension.
Provides that, beginning January 1, 2002, remarriage at any age by a
surviving spouse will not terminate his or her survivor's pension.
Allows a surviving spouse whose survivor's pension was terminated due
to remarriage to reestablish his or her survivor's pension upon
repayment of his or her survivor's refund plus interest. Amends the
State Mandates Act to require implementation without reimbursement.
PENSION NOTE (Pension Laws Commission)
The fiscal impact of HB 1993 cannot be determined, as the num-
ber of additional widows who would qualify for a survivor's
annuity cannot be determined. According to the fund's actuary,
the fiscal impact of HB 1993 is expected to be minimal.
FEB-21-2001 H FILED WITH CLERK
FEB-21-2001 H FIRST READING
FEB-21-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES
FEB-22-2001 H ASSIGNED TO COMMITTEE PERS PENSION
MAR-02-2001 H PENSION NOTE FILED
MAR-02-2001 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
END OF INQUIRY
Full Text Bill Summary