Date	Chamber	Action
1/11/2011	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/17-142.1

from Ch. 108 1/2, par. 17-142.1

Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. Limits what the Board may reimburse for the cost of health care insurance coverage to 75% of the cost for recipients of a service retirement, disability retirement, or survivor's pension and removes other provisions limiting the reimbursement. Effective immediately.

Pension Note (Government Forecasting & Accountability)

The Fund's consulting actuary estimates that HB 4827 will increase the total actuarial liability of the fund by $664 million. The increase in total annual costs is estimated to be $62.2 million, or 3.34% of payroll. According to the CTPF's 2008 annual financial report, the fund's health insurance rebate was disbursed at 70% of covered premiums for FY 2008 and FY 2007. The Fund's consulting actuary certified the total actuarial liability of the CTPF Health Insurance Fund to be $2.4 billion as of June 30, 2008.

	Fiscal Note (Dept. of Revenue)
	HB 4827 will have no fiscal impact on State revenues. This note does not address its impact on the pension system.

Actions 

Date	Chamber	Action
1/12/2010	House	Filed with the Clerk by Rep. William Davis
1/12/2010	House	First Reading
1/12/2010	House	Referred to Rules Committee
2/16/2010	House	Assigned to Personnel and Pensions Committee
2/25/2010	House	Do Pass / Short Debate Personnel and Pensions Committee; 006-003-000
2/25/2010	House	Placed on Calendar 2nd Reading - Short Debate
3/2/2010	House	Fiscal Note Requested by Rep. William B. Black
3/2/2010	House	Pension Note Requested by Rep. William B. Black
3/4/2010	House	Pension Note Filed
3/9/2010	House	Fiscal Note Filed
3/25/2010	House	Second Reading - Short Debate
3/25/2010	House	Held on Calendar Order of Second Reading - Short Debate
3/26/2010	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2011	House	Session Sine Die

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