Illinois General Assembly - Bill Status for SB3632

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

Date	Chamber	Action
2/10/2012	Senate	Filed with Secretary by Sen. Kwame Raoul
2/10/2012	Senate	First Reading
2/10/2012	Senate	Referred to Assignments
1/8/2013	Senate	Session Sine Die

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