Illinois General Assembly - Bill Status for SB0480

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Bill Status of SB0480 95th General Assembly

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Short Description: PEN CD-TRS-EMPLOYER CONTRIBUTN

Senate Sponsors
Sen. Dave Syverson - Chris Lauzen

Last Action

Date	Chamber	Action
1/13/2009	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/16-158

from Ch. 108 1/2, par. 16-158

30 ILCS 805/8.31 new

Synopsis As Introduced
Amends the Downstate Teachers Article of the Illinois Pension Code. Provides that, if the retirement annuity to any annuitant whose final average salary includes salary for any service in a position requiring an administrative certificate under the School Code will exceed $150,000 in the first full year, the annuitant's employer shall pay to the System, in addition to all other required payments and in accordance with guidelines established by the System, the present value of the benefits exceeding $150,000 per year. Effective immediately.

Actions

Date	Chamber	Action
2/8/2007	Senate	Filed with Secretary by Sen. Dave Syverson
2/8/2007	Senate	First Reading
2/8/2007	Senate	Referred to Rules
3/1/2007	Senate	Added as Chief Co-Sponsor Sen. Chris Lauzen
1/13/2009	Senate	Session Sine Die

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