Illinois General Assembly - Bill Status for SB3127
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 Bill Status of SB3127  102nd General Assembly


Senate Sponsors
Sen. Emil Jones, III

Last Action
DateChamber Action
  1/13/2015SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/17-127from Ch. 108 1/2, par. 17-127

Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that beginning in State fiscal year 2015, the State shall make annual contributions to the Public School Teachers' Pension and Retirement Fund. Provides that for State fiscal year 2015, the contribution shall be $343,860,000 and that for each year thereafter, the Board of Trustees of the Fund shall certify to the Governor by January 15th the amount of the required State contribution to the Fund for the coming fiscal year. Requires the certified contribution to be equal to 10% of the contribution certified by the board of trustees of the downstate teachers retirement system for the coming fiscal year. Effective immediately.

DateChamber Action
  2/7/2014SenateFiled with Secretary by Sen. Emil Jones, III
  2/7/2014SenateFirst Reading
  2/7/2014SenateReferred to Assignments
  2/19/2014SenateAssigned to Executive
  2/27/2014SenateTo Subcommittee on Special Issues (EX)
  3/28/2014SenateRule 3-9(a) / Re-referred to Assignments
  1/13/2015SenateSession Sine Die

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