92nd General Assembly
Status of SB0739
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MADIGAN,R.

   40 ILCS 5/16-106          from Ch. 108 1/2, par. 16-106                     
   40 ILCS 5/16-113          from Ch. 108 1/2, par. 16-113                     
   40 ILCS 5/16-127          from Ch. 108 1/2, par. 16-127                     
   40 ILCS 5/16-133.2        from Ch. 108 1/2, par. 16-133.2                   
   40 ILCS 5/16-136.4        from Ch. 108 1/2, par. 16-136.4                   
   40 ILCS 5/16-149.2        from Ch. 108 1/2, par. 16-149.2                   
   40 ILCS 5/16-150          from Ch. 108 1/2, par. 16-150                     
   40 ILCS 5/16-151          from Ch. 108 1/2, par. 16-151                     
   40 ILCS 5/16-172          from Ch. 108 1/2, par. 16-172                     
   40 ILCS 5/16-182          from Ch. 108 1/2, par. 16-182                     
   40 ILCS 5/16-184          from Ch. 108 1/2, par. 16-184                     
   40 ILCS 5/16-185          from Ch. 108 1/2, par. 16-185                     
   40 ILCS 5/16-186.3        from Ch. 108 1/2, par. 16-186.3                   

        Amends the Downstate Teacher  Article  of  the  Illinois  Pension      
   Code. Eliminates the 100-day TRS membership waiting period for persons      
   receiving  a  retirement  annuity  under  the Chicago Teacher Article.      
   Permits certain teachers who interrupted  service  under  the  Chicago      
   Teacher  Article  because  of pregnancy to purchase TRS credit for the      
   period of leave.  Incorporates the 2.2% retirement  formula  into  the      
   calculation  of  the single-sum retirement benefit.  Provides that the      
   System may require benefit recipients to  receive  recurring  payments      
   electronically.   Combines  the  Members' Contribution Reserve and the      
   Employer's Contribution  Reserve  into  a  single  new  Benefit  Trust      
   Reserve.  Effective immediately.                                            
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of SB 739 cannot be determined, but is es-         
          timated to be minor.                                                 
   FEB-21-2001  S  FIRST READING                                                  
   FEB-21-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-28-2001  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   MAR-06-2001  S       TO SUBCOMMITTEE                                           
   MAR-12-2001  S                        PENSION NOTE FILED AS INTRODUCED         
   MAR-12-2001  S                   COMMITTEE               INS & PENS.           
   MAR-31-2001  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   JAN-07-2003  S  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary