40 ILCS 5/17-119.1
30 ILCS 805/8.25 new
Amends the Chicago Teachers Article of the Illinois Pension Code.
Provides that a member who elects to receive an optional increase in
retirement annuity may make the required contributions in installments
over a 24-month period regardless of when the member becomes an
annuitant (currently the member must become an annuitant before June
30, 2003). Amends the State Mandates Act to require implementation
without reimbursement. Effective immediately.
PENSION NOTE (Pension Laws Commission)
The fiscal impact of HB 1995 is estimated to be minor.
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