91st General Assembly Status of SB0114    [ Home ]   [ Back ]   [ Legislation ]

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O'MALLEY.

   40 ILCS 5/17-116.3                                                          
   30 ILCS 805/8.23 new                                                        

        Amends the Chicago Teacher Article of the Pension Code  to  grant      
   additional  benefits  to  persons who began receiving early retirement      
   benefits in 1993.  Requires no additional contribution.  Provides  for      
   recalculation  of current annuities.  Amends the State Mandates Act to      
   require implementation without reimbursement.  Effective immediately.       
          PENSION NOTE (Pension Laws Commission)                               
          Increase in accrued liability, $67.2 million; in total annual        
          cost, $3.3 million (0.23% of payroll).                               
   99-02-02  S  FIRST READING                                                  
   99-02-02  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   99-02-03  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   99-02-24  S       TO SUBCOMMITTEE                                           
   99-03-08  S                        PENSION NOTE FILED                       
   99-03-08  S                   COMMITTEE               INS & PENS.           
   99-03-20  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   01-01-09  S  SESSION SINE DIE                                               

   END OF INQUIRY 


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