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<xml>
<title>Illinois General Assembly - Bill Status for HB 3394   </title>
<shortdesc>PEN CD-ART 16-EARLY RETIRE</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Naomi D. Jakobsson</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/16-133.2</reference><aliasreference>from Ch. 108 1/2, par. 16-133.2</aliasreference><reference>30 ILCS 805/8.27 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Downstate Teachers Article of the Illinois Pension Code. Removes the deadline for application for early retirement without discount. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.</SynopsisText><synopsistitle>Pension Note (Pension Laws Commission)</synopsistitle>
<SynopsisText>The System estimates that the provisions of HB 3394 will increase the accrued liability of TRS by $817 million.  The increase in annual cost has not been calculated but is estimated to be substantial. </SynopsisText></synopsis>
<actions>
<statusdate>2/28/2003</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Naomi D. Jakobsson</action>
<statusdate>2/28/2003</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/28/2003</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/5/2003</statusdate><chamber>House</chamber><action>Assigned to Executive Committee</action>
<statusdate>3/13/2003</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>3/24/2003</statusdate><chamber>House</chamber><action>Pension Note Filed</action>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

