Illinois General Assembly

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 Bill Status of HB1544  97th General Assembly


Short Description:  PEN CD-ART 17-APPROPRIATION

House Sponsors
Rep. Monique D. Davis - Kevin A. McCarthy - Daniel J. Burke

Last Action
DateChamber Action
  4/11/2011HouseThird Reading - Standard Debate - Lost 038-073-000

Statutes Amended In Order of Appearance
40 ILCS 5/17-127from Ch. 108 1/2, par. 17-127


Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that, beginning in State fiscal year 2012, the General Assembly must make annual contributions to the Fund of an amount equal to 20% of the amount of the annual State contribution to the Teachers' Retirement System of the State of Illinois. Effective July 1, 2011.

 Pension Note (Government Forecasting & Accountability)
 The Teachers’ Retirement System has certified a FY 2012 contribution of $2.4 billion. If HB 1544 becomes law, the State would be obligated to make an additional contribution of $481.3 million in FY 2012 to the Chicago Teachers’ Pension Fund.

 Fiscal Note (Illinois Department of Insurance)
 HB 1544 has no projected fiscal impact to the Illinois Department of Insurance.

Actions 
DateChamber Action
  2/15/2011HouseFiled with the Clerk by Rep. Monique D. Davis
  2/15/2011HouseFirst Reading
  2/15/2011HouseReferred to Rules Committee
  2/22/2011HouseAssigned to Personnel and Pensions Committee
  3/10/2011HouseAdded Chief Co-Sponsor Rep. Kevin A. McCarthy
  3/10/2011HouseAdded Chief Co-Sponsor Rep. Daniel J. Burke
  3/17/2011HouseDo Pass / Standard Debate Personnel and Pensions Committee; 005-004-000
  3/17/2011HousePlaced on Calendar 2nd Reading - Standard Debate
  3/29/2011HouseFiscal Note Requested by Rep. Roger L. Eddy
  3/29/2011HousePension Note Requested by Rep. Roger L. Eddy
  3/29/2011HousePension Note Filed
  3/30/2011HouseFiscal Note Filed
  4/6/2011HouseSecond Reading - Standard Debate
  4/6/2011HousePlaced on Calendar Order of 3rd Reading - Standard Debate
  4/11/2011HouseThird Reading - Standard Debate - Lost 038-073-000

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