Illinois General Assembly - Bill Status for HB3203
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 Bill Status of HB3203  93rd General Assembly

Short Description:  PENCD-ART 17-80% MAXIMUM

House Sponsors
Rep. Robert S. Molaro

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/17-116from Ch. 108 1/2, par. 17-116
30 ILCS 805/8.27 new


Synopsis As Introduced
Amends the Chicago Teachers Article of the Illinois Pension Code. Raises the maximum allowable service retirement pension from 75% to 80% of average salary. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

 Pension Note (Pension Laws Commission)
 HB 3203 would increase the accrued liability of the Fund by $124.4 million. The corresponding increase in total annual cost would be $11.3 million, or 0.64% of payroll.

Actions 
DateChamber Action
  2/27/2003HouseFiled with the Clerk by Rep. Robert S. Molaro
  2/27/2003HouseFirst Reading
  2/27/2003HouseReferred to Rules Committee
  2/28/2003HouseAssigned to Executive Committee
  3/11/2003HousePension Note Filed
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die

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