40 ILCS 5/17-116 from Ch. 108 1/2, par. 17-116
30 ILCS 805/8.25 new
Amends the Chicago Teacher Article of the Illinois Pension Code.
Provides that a teacher may receive a retirement pension at age 60
with 10 years of service. Amends the State Mandates Act to require
implementation without reimbursement. Effective immediately.
PENSION NOTE (Pension Laws Commission)
Based on the 1999 actuarial valuation, HB 2210 would increase
the accrued liability of the Fund by $26.3 million. The
corresponding increase in total annual cost would be $4.1
million, or 0.27% of payroll.
FEB-22-2001 H FILED WITH CLERK
FEB-22-2001 H FIRST READING
FEB-22-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES
FEB-23-2001 H ASSIGNED TO COMMITTEE PERS PENSION
MAR-12-2001 H PENSION NOTE FILED
MAR-12-2001 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