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 Bill Status of HB2948  100th General Assembly


Short Description:  PENS CD-CHI TEACHERS-REVENUE

House Sponsors
Rep. William Davis

Hearings
Appropriations-Elementary & Secondary Education Committee Hearing Mar 28 2017 2:00PM Capitol Building Room 114 Springfield, IL


Last Action
DateChamber Action
  2/22/2017HouseAssigned to Appropriations-Elementary & Secondary Education Committee

Statutes Amended In Order of Appearance
40 ILCS 5/17-127from Ch. 108 1/2, par. 17-127


Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that beginning in State fiscal year 2018, the State shall make annual contributions to the Chicago Public School Teachers' Pension and Retirement Fund. Provides that for State fiscal year 2018, the contribution shall be $456,500,000 and that for each year thereafter, the Board of Trustees of the Fund shall certify to the Governor by January 15th the amount of the required State contribution to the Fund for the coming fiscal year. Requires the certified contribution to be equal to 10% of the contribution certified by the board of trustees of the downstate teachers retirement system for the coming fiscal year. Effective immediately.

Actions 
DateChamber Action
  2/9/2017HouseFiled with the Clerk by Rep. William Davis
  2/9/2017HouseFirst Reading
  2/9/2017HouseReferred to Rules Committee
  2/22/2017HouseAssigned to Appropriations-Elementary & Secondary Education Committee

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