Illinois General Assembly - Bill Status for SB3632
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 Bill Status of SB3632  97th General Assembly

Short Description:  PEN CD-CHI TCHR-FUNDING LEVEL

Senate Sponsors
Sen. Kwame Raoul

Last Action
DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/17-129from Ch. 108 1/2, par. 17-129


Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. In a provision that reduces the required annual Board of Education contribution to the Fund by the amount of any State contribution, makes the reduction apply only if the Board has certified in the previous fiscal year that the total assets of the Fund are at least 90% of the total actuarial liabilities of the Fund. Effective immediately.

Actions 
DateChamber Action
  2/10/2012SenateFiled with Secretary by Sen. Kwame Raoul
  2/10/2012SenateFirst Reading
  2/10/2012SenateReferred to Assignments
  1/8/2013SenateSession Sine Die

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