Synopsis As Introduced Amends the Chicago Teacher Article of the Illinois Pension Code. Removes a provision concerning a reduction in a specified contribution for certain members who retire before July 1, 1998. Repeals obsolete provisions concerning early retirement incentives. Effective immediately.
Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with the following change. Removes changes made to provisions concerning an optional increase in retirement annuity.