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
END OF INQUIRY
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