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<xml>
<title>Illinois General Assembly - Bill Status for HB 3422   </title>
<shortdesc>PEN CD-DNST TCHRS-EARLY RETMT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Brent Hassert</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 Teacher Article of the Illinois Pension Code. Removes the June 30, 2005 deadline for participation in the early retirement without discount program. 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 3422 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. Brent Hassert</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>3/11/2003</statusdate><chamber>House</chamber><action>Pension Note Filed</action>
<statusdate>3/13/2003</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

