92nd General Assembly
Status of HB3362
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Summary

   40 ILCS 5/17-130.2                                                          

        Amends the Chicago Teachers Article of the Illinois Pension Code.      
   Allows any type of optional employee contributions to be paid  through      
   tax-deferred  payroll  deductions;  requires  an irrevocable election.      
   (Currently this payment  election  is  authorized  only  for  optional      
   contributions  made  to  qualify  for the augmented service retirement      
   pension rate.)  Effective immediately.                                      
          PENSION NOTE (Pension Laws Commission)                               
          HB 3362 would not impact the accrued liability or annual costs       
          of the Chicago Teachers' Pension Fund.                               
   MAR-05-2001  H  FILED WITH CLERK                                               
   MAR-05-2001  H  FIRST READING                                                  
   MAR-05-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   MAR-06-2001  H       ASSIGNED TO COMMITTEE               PERS PENSION          
   MAR-12-2001  H                        PENSION NOTE FILED                       
   MAR-12-2001  H                   COMMITTEE               PERS PENSION          
   MAR-16-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary