Illinois General Assembly - Bill Status for SB1450
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 Bill Status of SB1450  104th General Assembly


Short Description:  PENCD-CTPF-SERVICE CALCULATION

Senate Sponsors
Sen. Robert F. Martwick

Last Action
DateChamber Action
  2/11/2025SenateAssigned to Pensions

Statutes Amended In Order of Appearance
40 ILCS 5/17-114from Ch. 108 1/2, par. 17-114


Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that when computing days of validated service, contributors shall receive the greater of: (1) one day of service credit for each day for which they are paid salary representing a partial or a full day of employment rendered to an employer or the Board of Trustees of the Fund; or (2) 10 days of service credit for each 10-day period of employment in which the contributor worked 50% or more of the regularly scheduled hours (instead of one day of service credit for each day for which they are paid salary representing a partial or a full day of employment rendered to an employer or the Board).

Actions 
DateChamber Action
  1/31/2025SenateFiled with Secretary by Sen. Robert F. Martwick
  1/31/2025SenateFirst Reading
  1/31/2025SenateReferred to Assignments
  2/11/2025SenateAssigned to Pensions

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