Bill Status of HB 1484   98th General Assembly

Short Description:  PENSION-CHGO TCHR-COST SHIFT

House Sponsors
Rep. Barbara Flynn Currie-Esther Golar-Mary E. Flowers

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/17-127from Ch. 108 1/2, par. 17-127
40 ILCS 5/17-129from Ch. 108 1/2, par. 17-129
40 ILCS 5/17-127.2 rep.
40 ILCS 15/1.9 new

Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. Shifts future funding responsibility from the Chicago Board of Education to the State of Illinois. Specifies the amount of required State and Chicago Board of Education contributions for fiscal year 2014. Beginning in fiscal year 2015, changes the funding goal from 90% to 100% and specifies the manner of determining the required contributions from the State and the Board of Education. Defines terms. Provides for certification of contribution amounts and for payment of State contributions on a monthly basis pursuant to vouchers issued by the Board. Repeals a Section relating to additional employer contributions. Amends the State Pension Funds Continuing Appropriation Act. Provides a continuing appropriation to the Chicago Teachers' Pension Fund, on a continuing monthly basis, of the amount, if any, by which the total available amount of all other appropriations to that Fund for the payment of required State contributions is less than the total amount of the vouchers for required State contributions lawfully submitted by the Fund. Effective immediately.

Actions 
DateChamber Action
  2/7/2013HouseFiled with the Clerk by Rep. Barbara Flynn Currie
  2/7/2013HouseChief Co-Sponsor Rep. Esther Golar
  2/8/2013HouseAdded Chief Co-Sponsor Rep. Mary E. Flowers
  2/13/2013HouseFirst Reading
  2/13/2013HouseReferred to Rules Committee
  2/19/2013HouseAssigned to Personnel and Pensions Committee
  3/22/2013HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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