91st General Assembly
Status of SB0134
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MOLARO.

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

        Amends the Chicago Teacher Article of the Pension Code.  Provides      
   that the annual State contribution to the Fund shall be no  less  than      
   20%  of  the  annual  State  contribution  to  the downstate Teachers'      
   Retirement System, beginning in State  fiscal  year  2000.   Effective      
   immediately.                                                                
          PENSION NOTE (Pension Laws Commission)                               
          Estimated required contributions to TRS and increase to CTRS:        
          FY1999                                                               
           TRS                                            $ 634.0 million      
           CTRS                                             126.8 million      
          FY2005                                                               
           TRS                                             1045.0 million      
           CTRS                                             209.0 million      
          FY2010                                                               
           TRS                                             1556.3 million      
           CTRS                                             311.3 million      
          FY2020                                                               
           TRS                                             2222.7 million      
           CTRS                                             444.5 million      
          FY2030                                                               
           TRS                                             3623.3 million      
           CTRS                                             726.5 million      
          FY2040                                                               
           TRS                                             5960.7 million      
           CTRS                                            1192.1 million      
          FY2045                                                               
           TRS                                             7602.1 million      
           CTRS                                            1520.4 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.           
   99-02-17  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