91st General Assembly
Status of SB1379
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 Full Text  Bill Summary

   40 ILCS 5/17-119          from Ch. 108 1/2, par. 17-119                     
   40 ILCS 5/17-156.1        from Ch. 108 1/2, par. 17-156.1                   
   30 ILCS 805/8.24 new                                                        

        Amends the Chicago  Teachers  Article  of  the  Pension  Code  to      
   increase  the rate of automatic annual increase in pensions from 3% to      
   4%.  Amends the State Mandates Act to require  implementation  without      
   reimbursement.  Effective immediately.                                      
          PENSION NOTE (Pension Laws Commission)                               
          Increase in accrued liability would be $674.1 million and            
          increase in total annual cost would be $53.2 million (3.71%          
          of payroll).                                                         
   00-01-19  S  FIRST READING                                                  
   00-01-19  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   00-01-31  S                        PENSION NOTE FILED                       
   00-01-31  S                   COMMITTEE               RULES                 
   01-01-09  S  SESSION SINE DIE                                               


 Full Text  Bill Summary