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 Bill Status of SB0729  100th General Assembly


Short Description:  PENS CD-CHI TEACHERS-REVENUE

Senate Sponsors
Sen. Kimberly A. Lightford

Last Action
DateChamber Action
  5/5/2017SenateRule 3-9(a) / Re-referred to Assignments

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 2018, the State shall make annual contributions to the Chicago Public School Teachers' Pension and Retirement Fund. Provides that for State fiscal year 2018, the contribution shall be $456,500,000 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 
DateChamber Action
  1/30/2017SenateFiled with Secretary by Sen. Kimberly A. Lightford
  1/30/2017SenateFirst Reading
  1/30/2017SenateReferred to Assignments
  2/8/2017SenateAssigned to Executive
  3/1/2017SenateTo Subcommittee on Governmental Operations
  3/17/2017SenateRule 2-10 Committee Deadline Established As April 7, 2017
  4/7/2017SenateRule 2-10 Committee Deadline Established As May 5, 2017
  5/5/2017SenateRule 3-9(a) / Re-referred to Assignments

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