O'MALLEY. 40 ILCS 5/17-142.1 from Ch. 108 1/2, par. 17-142.1 30 ILCS 805/8.24 new Amends the Chicago Teacher Article of the Pension Code to change the annual limit on the amount of reimbursement to annuitants for health insurance costs, from $25,000,000 to $40,000,000. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) SB 1697 will have an indirect cost to the Fund, as the increas- ed amount paid as reimbursement for health insurance costs will no longer be available for reinvestment by the Fund. Therefore, the potential for slightly lower investment earnings in future years exists. 00-02-02 S FIRST READING 00-02-02 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 END OF INQUIRY Full Text Bill Summary