Illinois General Assembly - Bill Status for HB4514
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 Bill Status of HB4514  94th General Assembly


Short Description:  PEN CD-CHI TEACHR-PENSION BASE

House Sponsors
Rep. Richard T. Bradley and Kevin A. McCarthy

Last Action
DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/17-116from Ch. 108 1/2, par. 17-116
30 ILCS 805/8.30 new


Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that, when computing service retirement pensions, the average salary shall consist of the average annual rate of salary for the 3 (now, 4) consecutive years of validated service within the last 10 years of service when the average annual rate was highest. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  1/11/2006HouseFiled with the Clerk by Rep. Richard T. Bradley
  1/11/2006HouseCo-Sponsor Rep. Kevin A. McCarthy
  1/11/2006HouseFirst Reading
  1/11/2006HouseReferred to Rules Committee
  1/9/2007HouseSession Sine Die

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