Illinois General Assembly - Bill Status for HB0275
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 Bill Status of HB0275  102nd General Assembly


Short Description:  PEN CD-CTPF-VARIOUS

House Sponsors
Rep. Will Guzzardi

Senate Sponsors
(Sen. Sara Feigenholtz)

Last Action
DateChamber Action
  5/10/2021SenateAssigned to Pensions

Statutes Amended In Order of Appearance
40 ILCS 5/17-140from Ch. 108 1/2, par. 17-140
40 ILCS 5/17-151.1


Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that in case any officer whose signature appears upon any check or draft, issued pursuant to the Article, ceases to hold office, the signature nevertheless shall be valid and sufficient for all purposes. Removes language concerning checks or drafts signed by an officer who ceases to hold office before the delivery of the check to the payee. Provides that if the Fund mistakenly sets any benefit at an incorrect amount, the Fund shall recalculate the benefit as soon as may be practicable after the mistake is discovered. Provides that if the benefit was mistakenly set too low, the Fund shall make a lump sum payment to the recipient of an amount equal to the difference between the benefits that should have been paid and those actually paid, plus interest at the rate of 3% from the date the unpaid amounts accrued to the date of payment. Provides that if the benefit was mistakenly set too high, the Fund may recover the amount overpaid from the recipient plus interest at 3% from the date of overpayment to the date of recovery. Contains provisions concerning repayment of the overpaid amount. Provides that if (1) the amount of the benefit was mistakenly set too high, (2) the error was undiscovered for 3 years or longer from the date of the first mistaken benefit payment, and (3) the error was not the result of incorrect information supplied by the affected member, then upon discovery of the mistake the benefit shall be adjusted to the correct level, but the recipient of the benefit shall not be required to repay to the Fund the excess amounts received in error. Makes other changes.

Actions 
DateChamber Action
  1/25/2021HouseFiled with the Clerk by Rep. Will Guzzardi
  1/29/2021HouseFirst Reading
  1/29/2021HouseReferred to Rules Committee
  2/23/2021HouseAssigned to Personnel & Pensions Committee
  3/5/2021HouseDo Pass / Short Debate Personnel & Pensions Committee; 005-003-000
  3/9/2021HousePlaced on Calendar 2nd Reading - Short Debate
  4/21/2021HouseSecond Reading - Short Debate
  4/21/2021HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/23/2021HouseThird Reading - Short Debate - Passed 062-040-000
  4/27/2021SenateArrive in Senate
  4/27/2021SenatePlaced on Calendar Order of First Reading April 28, 2021
  4/28/2021SenateChief Senate Sponsor Sen. Sara Feigenholtz
  4/28/2021SenateFirst Reading
  4/28/2021SenateReferred to Assignments
  5/10/2021SenateAssigned to Pensions

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