91st General Assembly
Status of SB0133
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MOLARO.

   40 ILCS 5/17-127          from Ch. 108 1/2, par. 17-127                     
   40 ILCS 5/22-1001         from Ch. 108 1/2, par. 22-1001                    
   40 ILCS 5/22-1003         from Ch. 108 1/2, par. 22-1003                    

        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 2001, so that by fiscal year  2008,  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 (Pension Laws Commission)                               
          FY                                           State Contribution      
          2001                                             $ 75.0 million      
          2002                                               82.7 million      
          2005                                              108.1 million      
          2020                                              186.0 million      
          2030                                              270.9 million      
          2040                                              394.9 million      
          2047                                              519.5 million      
   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.           
   99-03-08  S                        PENSION NOTE FILED                       
   99-03-10  S       TO SUBCOMMITTEE                                           
   99-03-10  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 



 Full Text  Bill Summary