91st General Assembly
Status of SB1386
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 Full Text  Bill Summary

   40 ILCS 5/17-131          from Ch. 108 1/2, par. 17-131                     
   30 ILCS 805/8.24 new                                                        

        Amends the Chicago Teacher Article of the Pension Code.  Provides      
   that salary received for overtime, summer school, and  other  optional      
   service  shall  be  included  in the calculation of salary for pension      
   purposes.  Amends the State Mandates  Act  to  require  implementation      
   without reimbursement.  Effective immediately.                              
          PENSION NOTE (Pension Laws Commission)                               
          If the average total compensation paid to members is 10% higher      
          than regular salaries, the estimated increase in accrued lia-        
          bility is $420.5 million, and the estimated increase in total        
          annual cost is $30.2 million (2.11% of payroll).                     
   00-01-19  S  FIRST READING                                                  
   00-01-19  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   00-02-10  S                        PENSION NOTE FILED AS INTRODUCED         
   00-02-10  S                   COMMITTEE               RULES                 
   01-01-09  S  SESSION SINE DIE                                               


 Full Text  Bill Summary