DILLARD-LAUZEN-CLAYBORNE-LUECHTEFELD-MAHAR, WATSON, HAWKINSON,
JONES,W, CRONIN, BOMKE, RADOGNO AND PETERSON.
PENCD-DNST TCHR-PRIVATE SCHOOL
Synopsis of Bill as introduced:
Amends the Downstate Teacher Article of the Illinois Pension
Code. Allows purchase of service credit for up to 3 years of
employment by a recognized private school. Requires payment of a
contribution plus interest. Effective immediately.
PENSION NOTE (Pension Laws Commission)
The fiscal impact of SB97 cannot be determined, as the amount
of service credit that would be purchased is unknown. According
to TRS, the required contributions fully fund the actuarial
cost of the service.
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status