91st General Assembly
Status of HB3450
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 Full Text  Bill Summary

   40 ILCS 5/17-116.7 new                                                      
   30 ILCS 805/8.24 new                                                        

        Amends the Chicago Teacher Article of the Pension Code to  extend      
   the  early retirement program for persons who retire at the end of the      
   1999-2000 school year.  Amends  the  State  Mandates  Act  to  require      
   implementation without reimbursement.  Effective immediately.               
          PENSION NOTE (Pension Laws Commission)                               
          Based on 30% participation (2916 participants):                      
           Increase in accrued liability                   $292.9 million      
           Increase in total annual cost (1.00% of payroll)  14.4 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