92nd General Assembly
Status of HB3700
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 Full Text  Bill Summary

   40 ILCS 5/17-121          from Ch. 108 1/2, par. 17-121                     
   40 ILCS 5/17-122          from Ch. 108 1/2, par. 17-122                     
   40 ILCS 5/17-124          from Ch. 108 1/2, par. 17-124                     
   40 ILCS 5/17-126.1 new                                                      
   30 ILCS 805/8.26 new                                                        

        Amends the Chicago Teachers Article of the Illinois Pension Code.      
   Provides that attainment of age 18 does not terminate  the  children's      
   pension  of  a child who is disabled and was dependent upon a deceased      
   teacher at the time of his or her death. Deletes the provision that if      
   a surviving spouse is under age 50 and there are no eligible  children      
   of the contributor and his surviving spouse, payment of the survivor's      
   pension  shall  begin  when  the  surviving  spouse  attains  age  50.      
   Eliminates  the  requirement that a person be married to a contributor      
   for at least 1.5 years immediately prior to the contributor's death or      
   retirement  and  on  the  date  of  the  last   termination   of   the      
   contributor's  service  in  order  to  receive  a  survivor's pension.      
   Provides that, beginning January 1, 2003, remarriage at any age  by  a      
   surviving  spouse  will  not  terminate his or her survivor's pension.      
   Allows a surviving spouse whose survivor's pension was terminated  due      
   to  remarriage  to  reinstate  his  or  her  survivor's  pension  upon      
   repayment  of  the  amount  of  the  survivor's  refund plus interest.      
   Amends the  State  Mandates  Act  to  require  implementation  without      
   reimbursement.  Effective immediately.                                      
          PENSION NOTE (Pension Laws Commission)                               
          According to the Fund's actuary, the fiscal impact of HB 3700        
          cannot be calculated, but is expected to be relatively minor.        
   NOV-28-2001  H  FILED WITH CLERK                                               
   NOV-29-2001  H  FIRST READING                                                  
   NOV-29-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   JAN-22-2002  H                        PENSION NOTE FILED                       
   JAN-22-2002  H                   COMMITTEE               RULES                 
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary