House Sponsors: CAPPARELLI-BUGIELSKI-LYONS,JOSEPH-SANTIAGO-LOPEZ, MCAULIFFE, LANG AND SAVIANO. Short description: PEN CD-CHGO TCHR-STATE FUNDING Synopsis of Bill as introduced: Amends the Illinois Pension Code to provide additional State funding for the Chicago Teachers Pension Fund. Increases the annual State contribution to the Fund over a 7 year phase-in period beginning in fiscal year 1999, so that by fiscal year 2006, the annual State contribution is sufficient, with the other revenues available to the Fund, to meet the normal cost and amortize the unfunded liabilities of the Fund over a period of 40 years. Effective immediately. PENSION NOTE HB356 is intended to provide a 40-year amortization of the unfunded liabilities of CTRS. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status