91st General Assembly
Summary of HB3450
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House Sponsors:
MURPHY.

Short description: 
PEN CD-CHGO TCHR-EARLY RETMT                                               

Synopsis of Bill as introduced:
        Amends the Chicago Teacher Article of the Pension Code to  extend      
   the  early retirement program for persons who retire at the end of the      
   1999-2000 school year.  Amends  the  State  Mandates  Act  to  require      
   implementation without reimbursement.  Effective immediately.               
          PENSION NOTE (Pension Laws Commission)                               
          Based on 30% participation (2916 participants):                      
           Increase in accrued liability                   $292.9 million      
           Increase in total annual cost (1.00% of payroll)  14.4 million      
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status