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
END OF INQUIRY
Full Text Bill Summary