PENCD-ART 16-SUPER PENSION House SponsorsRep. Renee Kosel-Kevin Joyce-Timothy L. Schmitz-Suzanne Bassi-Eileen Lyons, Rosemary Kurtz, Carolyn H. Krause, Joe Dunn, Sidney H. Mathias and Paul D. Froehlich 1/11/2005HouseSession Sine Die 40 ILCS 5/16-133from Ch. 108 1/2, par. 16-13340 ILCS 5/16-158from Ch. 108 1/2, par. 16-15830 ILCS 805/8.27 new Amends the Downstate Teachers Article of the Illinois Pension Code. Provides that if a superintendent's salary for a school year is more than 7% greater than his or her salary with the same employer for the previous school year, the superintendent's employer shall pay to the System the actuarial value of the increase in benefits resulting from the portion of the increase in salary that is in excess of 7%. Provides that if a superintendent's salary exceeds the salary of the Governor, the superintendent's employer shall pay to the System the actuarial value of the benefits resulting from the portion of the salary that is in excess of the salary of the Governor. Applies to contracts entered into, amended, or extended after November 18, 2003. Provides that a superintendent may elect to have all or a portion of a salary increase not included as salary for the purpose of determining final average salary. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. 11/18/2003HouseFiled with the Clerk by Rep. Renee Kosel 11/18/2003HouseChief Co-Sponsor Rep. Kevin Joyce 11/18/2003HouseChief Co-Sponsor Rep. Timothy L. Schmitz 11/18/2003HouseFirst Reading 11/18/2003HouseReferred to Rules Committee 11/19/2003HouseAdded Chief Co-Sponsor Rep. Eileen Lyons 11/19/2003HouseAdded Co-Sponsor Rep. Rosemary Kurtz 2/2/2004HouseAdded Chief Co-Sponsor Rep. Suzanne Bassi 2/2/2004HouseAdded Co-Sponsor Rep. Carolyn H. Krause 2/3/2004HouseCo-Sponsor Rep. Joe Dunn 2/4/2004HouseAdded Co-Sponsor Rep. Sidney H. Mathias 2/10/2004HouseAdded Co-Sponsor Rep. Paul D. Froehlich 1/11/2005HouseSession Sine Die