Illinois General Assembly - Bill Status for SB2652

Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that the service retirement pension for a teacher who retires on or after the effective date of this amendatory Act shall be 2.4% (now 2.2%) of average salary for each year of creditable service. Establishes a minimum retirement pension of $1,500 per month for teachers with at least 20 years of service credit in the Fund. Allows a designated domestic partner to qualify as a surviving spouse for purposes of survivor and death benefits. Provides for a minimum annual contribution from the Chicago Board of Education to the Chicago Teachers' Pension Fund. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions

Date	Chamber	Action
2/4/2004	Senate	Filed with Secretary by Sen. John J. Cullerton
2/4/2004	Senate	First Reading
2/4/2004	Senate	Referred to Rules
1/11/2005	Senate	Session Sine Die

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