90th General Assembly
Status of HB0356
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Summary
CAPPARELLI-BUGIELSKI-LYONS,JOSEPH-SANTIAGO-LOPEZ, 
   MCAULIFFE, LANG AND SAVIANO.

   40 ILCS 5/17-127          from Ch. 108 1/2, par. 17-127                     
   40 ILCS 5/22-1001         from Ch. 108 1/2, par. 22-1001                    
   40 ILCS 5/22-1003         from Ch. 108 1/2, par. 22-1003                    

        Amends the Illinois Pension  Code  to  provide  additional  State      
   funding  for  the Chicago Teachers Pension Fund.  Increases the annual      
   State contribution to the Fund over a 7 year phase-in period beginning      
   in fiscal year 1999, so that by fiscal year  2006,  the  annual  State      
   contribution  is  sufficient, with the other revenues available to the      
   Fund, to meet the normal cost and amortize the unfunded liabilities of      
   the Fund over a period of 40 years.  Effective immediately.                 
          PENSION NOTE                                                         
          HB356 is intended to provide a 40-year amortization of the           
          unfunded liabilities of CTRS.                                        
   97-01-29  H  FIRST READING                                                  
   97-01-29  H  ADDED AS A JOINT SPONSOR                 BUGIELSKI             
   97-01-29  H  ADDED AS A CO-SPONSOR                    LYONS,JOSEPH          
   97-01-29  H  ADDED AS A CO-SPONSOR                    SANTIAGO              
   97-01-29  H  ADDED AS A CO-SPONSOR                    LOPEZ                 
   97-01-29  H  ADDED AS A CO-SPONSOR                    BURKE                 
   97-01-29  H  ADDED AS A CO-SPONSOR                    KOTLARZ               
   97-01-29  H  ADDED AS A CO-SPONSOR                    MCAULIFFE             
   97-01-29  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   97-02-05  H       ASSIGNED TO COMMITTEE               PERS PENSION          
   97-02-06  H  ADDED AS A CO-SPONSOR                    LANG                  
   97-03-03  H                        PENSION NOTE FILED                       
   97-03-03  H                   COMMITTEE               PERS PENSION          
   97-03-07  H  ADDED AS A CO-SPONSOR                    SAVIANO               
   97-03-21  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   99-01-12  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary