92nd General Assembly
Status of HB3707
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 Full Text  Bill Summary

   40 ILCS 5/17-119.1                                                          
   30 ILCS 805/8.26 new                                                        

        Amends the Chicago Teachers Article of the Illinois Pension Code.      
   Provides that a member who elects to receive an optional  increase  in      
   retirement annuity may make the required contributions in installments      
   over  a  24-month  period  regardless  of  when  the member becomes an      
   annuitant (currently the member must become an annuitant  before  June      
   30,  2003).   Amends  the State Mandates Act to require implementation      
   without reimbursement.  Effective immediately.                              
          PENSION NOTE (Illinois Pension Laws Commission)                      
          According to the Fund's actuary, the fiscal impact of HB 3707        
          is estimated to be minor.                                            
   NOV-29-2001  H  FILED WITH CLERK                                               
   NOV-29-2001  H  FIRST READING                                                  
   NOV-29-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-15-2002  H                        PENSION NOTE FILED                       
   FEB-15-2002  H                   COMMITTEE               RULES                 
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary