92nd General Assembly
Status of HB3667
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 Full Text  Bill Summary

   40 ILCS 5/16-127          from Ch. 108 1/2, par. 16-127                     
   40 ILCS 5/16-128          from Ch. 108 1/2, par. 16-128                     

        Amends the Downstate Teacher  Article  of  the  Illinois  Pension      
   Code.   Allows  purchase  of  service  credit  for  up  to  3 years of      
   employment by a recognized private  school.   Requires  payment  of  a      
   contribution plus interest.  Effective immediately.                         
          PENSION IMPACT NOTE (Pension Laws Commission)                        
          The fiscal impact of HB 3667 cannot be determined, as the            
          amount of service credit that would be purchased is unknown.         
          According to TRS, the required contributions fully fund the          
          actuarial cost of the service.                                       
   NOV-07-2001  H  FILED WITH CLERK                                               
   NOV-07-2001  H  FIRST READING                                                  
   NOV-07-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   NOV-19-2001  H                        PENSION NOTE FILED                       
   NOV-19-2001  H                   COMMITTEE               RULES                 
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary