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.
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
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
END OF INQUIRY
Full Text Bill Summary