92nd General Assembly
Status of HB3361
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 Full Text  Bill Summary

   40 ILCS 5/17-122          from Ch. 108 1/2, par. 17-122                     
   30 ILCS 805/8.25 new                                                        

        Amends the  Chicago  Teacher  Article  of  the  Pension  Code  to      
   increase  the  minimum  total  survivor's pension to 50% of the earned      
   retirement pension for survivors of members who died before January 1,      
   1987.  Amends the State Mandates Act to require implementation without      
   reimbursement.  Effective immediately.                                      
          PENSION NOTE (Pension Laws Commission)                               
          According to the Fund's actuary, HB 3361 would increase the          
          accrued liability of the Fund by an estimated $5.6 million.          
          The increase in total annual cost is estimated to be $276,000,       
          or 0.02% of payroll. The total annual cost will grow commen-         
          surate with the payroll.                                             
   MAR-05-2001  H  FILED WITH CLERK                                               
   MAR-05-2001  H  FIRST READING                                                  
   MAR-05-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   MAR-06-2001  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                                               


 Full Text  Bill Summary