Illinois General Assembly - Bill Status for SB1377

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Bill Status of SB1377 93rd General Assembly

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Short Description: PENCD-ART 17-HLTH INS SUBSIDY

Senate Sponsors
Sen. James F. Clayborne, Jr. and Christine Radogno

Last Action

Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/17-142.1

from Ch. 108 1/2, par. 17-142.1

30 ILCS 805/8.27 new

Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code to change the annual limit on the amount of reimbursement to annuitants for health insurance costs, from $40,000,000 plus authorized but unpaid amounts to $65,000,000 plus authorized but unpaid amounts, including interest earned thereon. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

	Pension Note (Pension Laws Commission)
	SB 1377 would have an indirect cost to the Fund, as the increased amount paid as reimbursement for health insurance costs will no longer be available for reinvestment by the Fund. Therefore, the potential for slightly lower investment earnings in future years exists.

Actions

Date	Chamber	Action
2/20/2003	Senate	Filed with Secretary by Sen. James F. Clayborne, Jr.
2/20/2003	Senate	First Reading
2/20/2003	Senate	Referred to Rules
2/27/2003	Senate	Assigned to Insurance & Pensions
2/28/2003	Senate	Pension Note Filed As Introduced
3/13/2003	Senate	Do Pass Insurance & Pensions; 006-004-000
3/13/2003	Senate	Placed on Calendar Order of 2nd Reading March 18, 2003
3/18/2003	Senate	Second Reading
3/18/2003	Senate	Placed on Calendar Order of 3rd Reading March 19, 2003
3/19/2003	Senate	Added as Co-Sponsor Sen. Christine Radogno
3/20/2003	Senate	Recalled to Second Reading
3/20/2003	Senate	Held on Second Reading
3/20/2003	Senate	Placed on Calendar Order of 2nd Reading March 21, 2003
4/4/2003	Senate	Third Reading Deadline Extended - Rule 2-10(e) to April 9, 2003.
7/1/2003	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Rules
1/11/2005	Senate	Session Sine Die

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