92nd General Assembly
Status of SB0672
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 Full Text  Bill Summary

   40 ILCS 5/17-134          from Ch. 108 1/2, par. 17-134                     
   30 ILCS 805/8.25 new                                                        

        Amends the Chicago Teacher Article of the Illinois Pension  Code.      
   Increases  the maximum number of sick days that may be used to compute      
   pension service credit from 244 to 315.  Amends the State Mandates Act      
   to   require   implementation   without   reimbursement.     Effective      
          PENSION NOTE (Pension Laws Commission)                               
          Based on the 1999 actuarial valuation, SB 672 would increase         
          the accrued liability of the Fund by an estimated $20.3 mil-         
          lion. The increase in total annual cost is estimated to be           
          $2.4 million, or 0.16% of payroll.                                   
   FEB-21-2001  S  FIRST READING                                                  
   FEB-21-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-28-2001  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   MAR-02-2001  S                        PENSION NOTE FILED AS INTRODUCED         
   MAR-06-2001  S       TO SUBCOMMITTEE                                           
   MAR-06-2001  S                   COMMITTEE               INS & PENS.           
   MAR-31-2001  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   JAN-07-2003  S  SESSION SINE DIE                                               


 Full Text  Bill Summary