40 ILCS 5/17-116 from Ch. 108 1/2, par. 17-116
40 ILCS 5/17-119 from Ch. 108 1/2, par. 17-119
30 ILCS 805/8.24 new
Amends the Chicago Teacher Article of the Pension Code.
Establishes a minimum retirement pension of $1,333.34 per month for
teachers with at least 20 years of service credit in the Fund. Amends
the State Mandates Act to require implementation without
reimbursement. Effective immediately.
PENSION NOTE (Pension Laws Commission)
HB 3452 would increase the accrued liability of the Fund by
$45.3 million. The resulting increase in total annual cost is
estimated to be $2.2 million, or 0.2% of payroll.
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
END OF INQUIRY
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