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
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status