Synopsis As Introduced Amends the Chicago Teacher Article of the Illinois Pension Code. Removes a provision concerning a reduction in a specified contribution for certain members who retire before July 1, 1998. Repeals obsolete provisions concerning early retirement incentives. Effective immediately.
Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with the following change. Removes changes made to provisions concerning an optional increase in retirement annuity.
Replaces everything after the enacting clause. Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Provides that if an employee was in the service of more than one employer described in provisions concerning certain educational employers, then the sick leave days from all such employers, except for employers from which the employee terminated service before the effective date of the amendatory Act, shall be credited, as long as the creditable service attributed to those sick leave days does not exceed 12 months. Corrects a cross-reference. Amends the State Mandates Act to require implementation without reimbursement by the State. Effective immediately.