Bill Status of HB1476  93rd General Assembly

Short Description:  PEN CD-CHGO TCHR-SALARY

House Sponsors
Rep. Michael K. Smith - Dan Reitz - Kevin A. McCarthy - Lou Lang - Thomas Holbrook and Marlow H. Colvin

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/17-131from Ch. 108 1/2, par. 17-131
30 ILCS 805/8.27 new

Synopsis As Introduced
Amends the Chicago Teacher Article of the Pension Code. Provides that salary received on or after July 1, 2003 for overtime, summer school, and other optional service shall be included in the calculation of salary for pension purposes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

 Pension Note (Pension Laws Commission)
 According to an analysis prepared by the Fund's actuary (based on the 2002 actuarial valuation) the fiscal impact of HB 1476 depends on the average increase in annual pensionable salary. As the average increase in pensionable salary that would result from HB 1476 is unknown, the actual fiscal impact cannot be calculated, but would probably be within the $9.6 to $67.8 million range.

DateChamber Action
  2/6/2003HouseFiled with the Clerk by Rep. Michael K. Smith
  2/6/2003HouseChief Co-Sponsor Rep. Dan Reitz
  2/6/2003HouseChief Co-Sponsor Rep. Kevin A. McCarthy
  2/6/2003HouseFirst Reading
  2/6/2003HouseReferred to Rules Committee
  2/11/2003HouseAssigned to Executive Committee
  2/27/2003HouseAdded Chief Co-Sponsor Rep. Lou Lang
  2/27/2003HouseAdded Chief Co-Sponsor Rep. Thomas Holbrook
  2/28/2003HousePension Note Filed
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  5/11/2004HouseAdded Co-Sponsor Rep. Marlow H. Colvin
  1/11/2005HouseSession Sine Die