Illinois General Assembly - Bill Status for HB3394
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 Bill Status of HB3394  93rd General Assembly

Short Description:  PEN CD-ART 16-EARLY RETIRE

House Sponsors
Rep. Naomi D. Jakobsson

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/16-133.2from Ch. 108 1/2, par. 16-133.2
30 ILCS 805/8.27 new


Synopsis As Introduced
Amends the Downstate Teachers Article of the Illinois Pension Code. Removes the deadline for application for early retirement without discount. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

 Pension Note (Pension Laws Commission)
 The System estimates that the provisions of HB 3394 will increase the accrued liability of TRS by $817 million. The increase in annual cost has not been calculated but is estimated to be substantial.

Actions 
DateChamber Action
  2/28/2003HouseFiled with the Clerk by Rep. Naomi D. Jakobsson
  2/28/2003HouseFirst Reading
  2/28/2003HouseReferred to Rules Committee
  3/5/2003HouseAssigned to Executive Committee
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  3/24/2003HousePension Note Filed
  1/11/2005HouseSession Sine Die

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