Illinois General Assembly - Bill Status for HB3422
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 Bill Status of HB3422  93rd General Assembly

Short Description:  PEN CD-DNST TCHRS-EARLY RETMT

House Sponsors
Rep. Brent Hassert

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

Statutes Amended In Order of Appearance
40 ILCS 5/16-133.2from Ch. 108 1/2, par. 16-133.2
30 ILCS 805/8.27 new


Synopsis As Introduced
Amends the Downstate Teacher Article of the Illinois Pension Code. Removes the June 30, 2005 deadline for participation in the early retirement without discount program. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

 Pension Note (Pension Laws Commission)
 The System estimates that the provisions of HB 3422 will increase the accrued liability of TRS by $817 million. The increase in annual cost has not been calculated but is estimated to be substantial.

Actions 
DateChamber Action
  2/28/2003HouseFiled with the Clerk by Rep. Brent Hassert
  2/28/2003HouseFirst Reading
  2/28/2003HouseReferred to Rules Committee
  3/5/2003HouseAssigned 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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