Illinois General Assembly - Bill Status for HB4582
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 Bill Status of HB4582  96th General Assembly

Short Description:  PEN CD-ART 17-STATE CONTRIBUTN

House Sponsors
Rep. Monique D. Davis

Last Action
DateChamber Action
  3/18/2010HouseThird Reading - Short Debate - Lost 042-071-000

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 2010, 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 immediately.

 Pension Note (Government Forecasting & Accountability)
 The Teachers' Retirement System has certified a FY 2011 contribution of $2.4 billion. If HB 4582 becomes law, the State would be obligated to make an additional contribution of $472 million in FY 2011 to the Chicago Teachers' Pension Fund.

 Fiscal Note (Dept. of Insurance)
 HB 4582 has no projected fiscal impact to the Illinois Department of Insurance.

DateChamber Action
  5/30/2009HouseFiled with the Clerk by Rep. Monique D. Davis
  5/31/2009HouseFirst Reading
  5/31/2009HouseReferred to Rules Committee
  2/23/2010HouseAssigned to Personnel and Pensions Committee
  3/4/2010HouseDo Pass / Short Debate Personnel and Pensions Committee; 007-002-000
  3/4/2010HousePlaced on Calendar 2nd Reading - Short Debate
  3/8/2010HouseFiscal Note Requested by Rep. William B. Black
  3/8/2010HousePension Note Requested by Rep. William B. Black
  3/9/2010HousePension Note Filed
  3/15/2010HouseFiscal Note Filed
  3/17/2010HouseSecond Reading - Short Debate
  3/17/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/18/2010HouseThird Reading - Short Debate - Lost 042-071-000

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