Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/17-119

from Ch. 108 1/2, par. 17-119

30 ILCS 805/8.27 new

Synopsis As Introduced
Amends the Chicago Teacher Article of the Pension Code. Calculates the pro rata portion of the initial annual increase in retirement pension from attainment of age 55 (or the date of retirement) rather than from attainment of age 61. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

	Pension Note (Pension Laws Commission)
	According to an analysis prepared by the Commission's actuary, SB 1134 would increase the accrued liability of the Fund by an estimated $164.5 million. The increase in total annual cost is estimated to be $15.1 million, or 0.99% of payroll. The total annual cost will grow commensurate with payroll.

	Fiscal Note (State Board of Education)
	The State Board of Education is not able to provide fiscal information.

Actions 

Date	Chamber	Action
2/20/2003	Senate	Filed with Secretary by Sen. James A. DeLeo
2/20/2003	Senate	First Reading
2/20/2003	Senate	Referred to Rules
2/26/2003	Senate	Assigned to Insurance & Pensions
3/5/2003	Senate	To Subcommittee
3/6/2003	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton
3/6/2003	Senate	Senate Committee Amendment No. 1 Referred to Rules
3/11/2003	Senate	Pension Note Filed As Introduced
3/11/2003	Senate	Senate Committee Amendment No. 1 Rules Refers to Insurance & Pensions
3/12/2003	Senate	Added as Chief Co-Sponsor Sen. Denny Jacobs
3/13/2003	Senate	Do Pass Insurance & Pensions; 006-004-000
3/13/2003	Senate	Placed on Calendar Order of 2nd Reading March 18, 2003
3/14/2003	Senate	Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Rules
3/18/2003	Senate	Senate Floor Amendment No. 2 Filed with Secretary by Sen. John J. Cullerton
3/18/2003	Senate	Senate Floor Amendment No. 2 Referred to Rules
3/18/2003	Senate	Fiscal Note Requested by Sen. Bill Brady
3/24/2003	Senate	Senate Floor Amendment No. 2 Rules Refers to Insurance & Pensions
3/24/2003	Senate	Fiscal Note Filed
3/25/2003	Senate	Senate Floor Amendment No. 2 Postponed - Insurance & Pensions
4/2/2003	Senate	Senate Floor Amendment No. 2 Postponed - Insurance & Pensions
4/4/2003	Senate	Third Reading Deadline Extended - Rule 2-10(e) to April 9, 2003.
7/1/2003	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Rules
7/1/2003	Senate	Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
7/1/2003	Senate	Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)
1/11/2005	Senate	Session Sine Die

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