40 ILCS 5/17-116.2 new
30 ILCS 805/8.25 new
Amends the Chicago Teacher Article of the Illinois Pension Code.
Provides a recalculation of retirement pension for a person who
retired on June 15, 1998 and received a backpay award as a result of a
grievance proceeding. Backdates the pension to October 1, 1994,
authorizes inclusion of the backpay award, and in addition authorizes
the person to receive early retirement incentives (up to 5 years of
creditable service and 5 years of age enhancement). Amends the State
Mandates Act to require implementation without reimbursement.
PENSION NOTE (Pension Laws Commission)
The fiscal impact of SB 278 has not been determined, but is
estimated to be minor, as the number of members who would be
eligible to participate in the ERI is expect to be very small.
FEB-20-2001 S FIRST READING
FEB-20-2001 S REFERRED TO SENATE RULES COMMITTEE RULES
FEB-21-2001 S ASSIGNED TO COMMITTEE INS & PENS.
MAR-06-2001 S TO SUBCOMMITTEE
MAR-12-2001 S PENSION NOTE FILED AS INTRODUCED
MAR-12-2001 S COMMITTEE INS & PENS.
MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES
JAN-07-2003 S SESSION SINE DIE
END OF INQUIRY
Full Text Bill Summary