40 ILCS 5/17-119.1
30 ILCS 805/8.26 new
Amends the Chicago Teachers Article of the Illinois Pension Code.
Provides that if a member dies after having made only a portion of the
contributions necessary to qualify for an optional increase in
retirement annuity and there is a survivor's or children's benefit
payable, than all payments already made shall be retained by the Fund
and all survivor's or children's benefits shall be calculated as if
all of the contributions were paid in full. Amends the State Mandates
Act to require implementation without reimbursement. Effective
PENSION NOTE (Pension Laws Commission)
According to the Fund's actuary, the fiscal impact of SB 1547
is estimated to be minor.
JAN-09-2002 S FIRST READING
JAN-09-2002 S REFERRED TO SENATE RULES COMMITTEE RULES
JAN-22-2002 S PENSION NOTE FILED AS INTRODUCED
FEB-20-2002 S ASSIGNED TO COMMITTEE INS & PENS.
FEB-26-2002 S POSTPONED
MAR-05-2002 S POSTPONED
MAR-05-2002 S COMMITTEE INS & PENS.
MAR-08-2002 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