90th General Assembly
Summary of HB0372
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Short description: 
PEN CD-CHGO TEACHERS-ADMINISTR                                             

Synopsis of Bill as introduced:
        Amends the Chicago Teacher Article of the Illinois Pension  Code.      
   Deletes  a  limitation  on  investment in stocks and convertible debt.      
   Changes provisions relating to the manner of determining the value  of      
   the  Fund's  investments.    Restores  full  payment of the retirement      
   annuity for certain persons who elected reversionary annuities  before      
   January  1,   1984, where the beneficiary has predeceased the retiree.      
   Requires filing of a  claim  with  the  Industrial  Commission  before      
   applying  for  a  duty disability benefit.  Makes other administrative      
   and technical changes.  Amends  the  State  Mandates  Act  to  require      
   implementation without reimbursement.  Effective immediately.               
          PENSION IMPACT NOTE                                                  
          House Bill 372 would have no fiscal impact.                          
          PENSION IMPACT NOTE, ENGROSSED                                       
          No change from previous notes.                                       
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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