40 ILCS 5/17-130.2
Amends the Chicago Teachers Article of the Illinois Pension Code.
Allows any type of optional employee contributions to be paid through
tax-deferred payroll deductions; requires an irrevocable election.
(Currently this payment election is authorized only for optional
contributions made to qualify for the augmented service retirement
pension rate.) Effective immediately.
PENSION NOTE (Pension Laws Commission)
HB 3362 would not impact the accrued liability or annual costs
of the Chicago Teachers' Pension Fund.
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