PEN CD-CHGO TCHR-BUY SERVICE Senate SponsorsSen. Debbie DeFrancesco Halvorson-Denny Jacobs 1/11/2005SenateSession Sine Die 40 ILCS 5/17-116.7 new30 ILCS 805/8.27 newAmends the Chicago Teacher Article of the Illinois Pension Code. Allows a retired principal who has more than 30 years of service credit and meets certain other conditions to buy an additional 5 years of service credit and have the pension prospectively recalculated. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.Pension Note (Pension Laws Commission) The fiscal impact of SB 501 has not been calculated, but is expected to be minor, as the bill would affect a very small number of retirees from the Chicago Teachers' Pension Fund. 2/18/2003SenateFiled with Secretary by Sen. Debbie DeFrancesco Halvorson 2/18/2003SenateFirst Reading 2/18/2003SenateReferred to Rules 2/26/2003SenateAssigned to Insurance & Pensions 2/28/2003SenatePension Note Filed 3/5/2003SenateTo Subcommittee 3/12/2003SenateAdded as Chief Co-Sponsor Sen. Denny Jacobs 3/13/2003SenateDo Pass Insurance & Pensions; 006-004-000 3/13/2003SenatePlaced on Calendar Order of 2nd Reading March 18, 2003 4/4/2003SenateThird Reading Deadline Extended - Rule 2-10(e) to April 9, 2003. 7/1/2003SenatePursuant to Senate Rule 3-9(b) / Referred to Rules 1/11/2005SenateSession Sine Die