Bill Status of HB 3371   98th General Assembly


Short Description:  PENCD--TRS-NO OPTIONAL CREDIT

House Sponsors
Rep. Thomas Morrison

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/16-127from Ch. 108 1/2, par. 16-127

Synopsis As Introduced
Amends the Downstate Teacher Article of the Illinois Pension Code. Provides that optional service credit shall not be granted after the effective date of this amendatory Act. Effective immediately.

 Pension Note (Government Forecasting & Accountability)
 HB 3371 will reduce the pension liabilities of TRS because after the effective date of this act employees will no longer receive optional service credit for the 10 reasons specified in current law. The fiscal impact upon TRS cannot be precisely determined because the amount of optional service credit not granted in the future cannot be determined at this time.

Actions 
DateChamber Action
  2/26/2013HouseFiled with the Clerk by Rep. Thomas Morrison
  2/26/2013HouseFirst Reading
  2/26/2013HouseReferred to Rules Committee
  3/11/2013HouseAssigned to Personnel and Pensions Committee
  3/20/2013HousePension Note Filed
  3/22/2013HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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