Illinois General Assembly - Bill Status for HB4867
Illinois General Assembly

Previous General Assemblies

 Bill Status of HB4867  93rd General Assembly


Short Description:  PENCD-ART 17-EARLY RETIREMENT

House Sponsors
Rep. Angelo Saviano

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/17-116.1from Ch. 108 1/2, par. 17-116.1
30 ILCS 805/8.28 new


Synopsis As Introduced
Amends the Chicago Teachers Article of the Illinois Pension Code. Provides that a member who retires after June 1, 2005 and before June 30, 2010 and within 6 months of the last day of teaching for which contributions were required may make a one time contribution to the system and thereby avoid early retirement reduction in allowance. Provides that an election by a member to make such a contribution obligates the last Employer to make a one time contribution to the Fund. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  2/4/2004HouseFiled with the Clerk by Rep. Angelo Saviano
  2/4/2004HouseFirst Reading
  2/4/2004HouseReferred to Rules Committee
  1/11/2005HouseSession Sine Die

Back To Top