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
END OF INQUIRY
Full Text Bill Summary