91st General Assembly
Status of SB1381
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   40 ILCS 5/17-119.1                                                          
   30 ILCS 805/8.24 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)                               
          The increase in the present value of future employer contribu-       
          tions is estimated to be $36.7 million. The increase in total        
          annual cost is estimated to be 0.13% 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