92nd General Assembly
Summary of SB0278
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Status
Senate Sponsors:

Short description: 
PEN CD-CHGO TCHR-GRIEVANCE-ERI                                             

Synopsis of Bill as introduced:
        Amends the Chicago Teacher Article of the Illinois Pension Code.       
   Provides a recalculation  of  retirement  pension  for  a  person  who      
   retired on June 15, 1998 and received a backpay award as a result of a      
   grievance  proceeding.   Backdates  the  pension  to  October 1, 1994,      
   authorizes inclusion of the backpay award, and in addition  authorizes      
   the  person  to  receive early retirement incentives (up to 5 years of      
   creditable service and 5 years of age enhancement).  Amends the  State      
   Mandates   Act   to   require  implementation  without  reimbursement.      
   Effective immediately.                                                      
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of SB 278 has not been determined, but is          
          estimated to be minor, as the number of members who would be         
          eligible to participate in the ERI is expect to be very small.       
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

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


 Full Text  Bill Status