91st General Assembly
Status of HB3449
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 Full Text  Bill Summary

   40 ILCS 5/17-116          from Ch. 108 1/2, par. 17-116                     
   30 ILCS 805/8.24 new                                                        

        Amends the  Chicago  Teacher  Article  of  the  Pension  Code  to      
   eliminate  the  age  discount  for  persons  with at least 30 years of      
   service who retire before age 60.  Amends the State  Mandates  Act  to      
   require implementation without reimbursement.  Effective immediately.       
          PENSION NOTE (Pension Laws Commission)                               
           Increase in accrued liabilities                 $ 79.1 million      
           Increase in total annual cost (0.52% of payroll)$  7.5 million      
   00-01-20  H  FIRST READING                                                  
   00-01-20  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   00-01-31  H                        PENSION NOTE FILED                       
   00-01-31  H                   COMMITTEE               RULES                 
   01-01-09  H  SESSION SINE DIE                                               


 Full Text  Bill Summary