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<xml>
<title>Illinois General Assembly - Bill Status for HB 430    </title>
<shortdesc>PEN CD-CHGO TCHR-SALARY</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Richard T. Bradley</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/17-131</reference><aliasreference>from Ch. 108 1/2, par. 17-131</aliasreference><reference>30 ILCS 805/8.31 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Chicago Teacher Article of the Pension Code. Provides that salary received on or after July 1, 2007 for overtime, summer school, and other optional service shall be included in the calculation of salary for pension purposes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.</SynopsisText><synopsistitle>Pension Note (Government Forecasting &amp; Accountability)</synopsistitle>
<SynopsisText>According to an analysis prepared by the Fund's actuary, HB 430 could increase total actuarial liability by $128.6 million - $642.9 million, depending on the increase in pensionable salary.</SynopsisText></synopsis>
<actions>
<statusdate>1/26/2007</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Richard T. Bradley</action>
<statusdate>1/26/2007</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/26/2007</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/31/2007</statusdate><chamber>House</chamber><action>Assigned to Personnel and Pensions Committee</action>
<statusdate>2/15/2007</statusdate><chamber>House</chamber><action>Pension Note Filed</action>
<statusdate>2/27/2007</statusdate><chamber>House</chamber><action>Re-assigned to Executive Committee</action>
<statusdate>3/23/2007</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

