91st General Assembly Status of SB0089    [ Home ]   [ Back ]   [ Legislation ]

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CULLERTON.

   40 ILCS 5/17-119.1                                                          
   30 ILCS 805/8.23 new                                                        

        Amends the Chicago Teacher Article of the Pension Code.  Provides      
   that a person with at least 30 years of service at retirement may have      
   that service converted  to  the  augmented  rate  without  paying  any      
   additional  contribution.    Amends  the State Mandates Act to require      
   implementation without reimbursement.  Effective immediately.               
          PENSION NOTE (Pension Laws Commission)                               
          Increase in present value of future employer contributions,          
          $36.7 million; in total annual cost, 0.13% of payroll.               
   99-01-28  S  FIRST READING                                                  
   99-01-28  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   99-02-03  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   99-02-24  S       TO SUBCOMMITTEE                                           
   99-03-08  S                        PENSION NOTE FILED                       
   99-03-08  S                   COMMITTEE               INS & PENS.           
   99-03-20  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   01-01-09  S  SESSION SINE DIE                                               

   END OF INQUIRY 


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