92nd General Assembly
Status of SB1547
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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 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                                               


 Full Text  Bill Summary