92nd General Assembly
Status of SB0379
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 Full Text  Bill Summary

   40 ILCS 5/16-129.1                                                          
   40 ILCS 5/17-119.1                                                          
   30 ILCS 805/8.25 new                                                        

        Amends the Downstate and Chicago Teacher Articles of the Illinois      
   Pension  Code.   Allows  certain  persons   who   paid   an   optional      
   contribution  in  order  to receive an augmented retirement annuity to      
   have the contribution recalculated  to  reflect  the  changes  to  the      
   retirement  formula that were enacted in Public Act 91-17.  Amends the      
   State Mandates Act to require  implementation  without  reimbursement.      
   Effective immediately.                                                      
          PENSION NOTE (Pension Laws Commission)                               
          SB 379 would not increase the accrued liabilities or annual          
          costs of the Funds. Rather, an undetermined amount of optional       
          contributions to upgrade prior service would be refunded to          
          members of the Fund who retired between May 27, 1998 and June        
          4, 1999.                                                             
   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                       
   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                                               


 Full Text  Bill Summary