91st General Assembly Summary of HB0345    [ Home ]   [ Back ]   [ Legislation ]

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House Sponsors:
MURPHY.

Short description: 
PEN CD-CHGO TCHR-EARLY RETMT                                               

Synopsis of Bill as introduced:
        Amends the Chicago Teacher Article of the Illinois Pension Code        
   to extend the early retirement program for persons who retire at the        
   end of the 1998-1999 school year. Amends the State Mandates Act to          
   require implementation without reimbursement. Effective immediately.        
          PENSION NOTE (Pension Laws Commission)                               
          With 10% participation:                                              
          Increase in accrued liability                     $86.9 million      
          Increase in total annual cost (0.29% of payroll)   $4.3 million      
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 


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