Illinois General Assembly - Bill Status for SB3127

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Bill Status of SB3127 98th General Assembly

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Short Description: PENS CD-CHI TEACHERS-REVENUE

Senate Sponsors
Sen. Emil Jones, III

Last Action

Date	Chamber	Action
1/13/2015	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/17-127

from 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 2015, the State shall make annual contributions to the Public School Teachers' Pension and Retirement Fund. Provides that for State fiscal year 2015, the contribution shall be $343,860,000 and that for each year thereafter, the Board of Trustees of the Fund shall certify to the Governor by January 15th the amount of the required State contribution to the Fund for the coming fiscal year. Requires the certified contribution to be equal to 10% of the contribution certified by the board of trustees of the downstate teachers retirement system for the coming fiscal year. Effective immediately.

Actions

Date	Chamber	Action
2/7/2014	Senate	Filed with Secretary by Sen. Emil Jones, III
2/7/2014	Senate	First Reading
2/7/2014	Senate	Referred to Assignments
2/19/2014	Senate	Assigned to Executive
2/27/2014	Senate	To Subcommittee on Special Issues (EX)
3/28/2014	Senate	Rule 3-9(a) / Re-referred to Assignments
1/13/2015	Senate	Session Sine Die

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