Bill Status of HB0426 99th General Assembly
Short Description: PEN CD-TRS SELF-MANAGED PLAN
Rep. Thomas Morrison
| 1/10/2017||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Downstate Teacher Article of the Illinois Pension Code. Directs the System to establish a self-managed plan. The plan applies only to teachers whose employers adopt the plan and only to teachers who make an election to participate in the plan. Specifies the terms and contents of the plan and the method of electing to participate. Defines terms. Contains a new benefit increase exception. Makes conforming changes to the Retirement Systems Reciprocal Act (Article 20 of the Code). Effective immediately.
|Date||Chamber|| Action|| 1/28/2015||House||Filed with the Clerk by Rep. Thomas Morrison|| 1/30/2015||House||First Reading|| 1/30/2015||House||Referred to Rules Committee|| 1/10/2017||House||Session Sine Die|