Date | Chamber | Action |
8/20/2021 | Senate | Public Act . . . . . . . . . 102-0525 |
40 ILCS 5/16-127 | from Ch. 108 1/2, par. 16-127 |
Adds reference to: | ||
40 ILCS 5/16-158 | from Ch. 108 1/2, par. 16-158 |
Pension Note, House Floor Amendment No. 2 (Government Forecasting & Accountability) | |
SB 1646, as amended by HA 2, would reopen a window for teachers to apply for optional service credit for work done in approved private schools as teachers and administrators. The Teachers' Retirement System reports having 3,463 members who have applied for this private school credit in previous window openings, as described below. TRS estimates that the fiscal impact of this bill would be low, as the member must pay both the member and employer contributions, plus the actuarially assumed rate of interest to take advantage of this credit. The fiscal impact to TRS as a result of exempting summer school teaching from the 6% Final Average Salary Cap is unknown, as it is not known how many teachers would accrue pensionable salary in excess of 6% from the previous school year with the same employer via summer school teaching rendered between May 1, 2021 and September 15, 2022. |
Fiscal Note, House Floor Amendment No. 2 (Teachers Retirement System) | |
Actuarial cost impact. SB 1646 as amended would have an unknown impact to TRS. Changes allowing optional service purchase under the bill are designed to be fully paid for by the related member contributions. Changes in required school district contributions would likely create some additional cost to the State of Illinois, but the total cost cannot be calculated without knowing the actual behavior of individual school districts and employees. Administrative cost impact. Administering the provisions of this bill would not increase the administrative costs ofTRS. |
Date | Chamber | Action | 2/26/2021 | Senate | Filed with Secretary by Sen. Steve McClure | 2/26/2021 | Senate | First Reading | 2/26/2021 | Senate | Referred to Assignments | 3/9/2021 | Senate | Assigned to Pensions | 3/16/2021 | Senate | Added as Co-Sponsor Sen. Dale Fowler | 3/17/2021 | Senate | Added as Co-Sponsor Sen. Brian W. Stewart | 3/17/2021 | Senate | Do Pass Pensions; 009-000-000 | 3/17/2021 | Senate | Placed on Calendar Order of 2nd Reading March 23, 2021 | 3/24/2021 | Senate | Second Reading | 3/24/2021 | Senate | Placed on Calendar Order of 3rd Reading ** March 25, 2021 | 4/13/2021 | Senate | Added as Co-Sponsor Sen. Terri Bryant | 4/16/2021 | Senate | Added as Co-Sponsor Sen. Rachelle Crowe | 4/21/2021 | Senate | Third Reading - Passed; 055-001-000 | 4/22/2021 | House | Arrived in House | 4/22/2021 | House | Chief House Sponsor Rep. Michael T. Marron | 4/23/2021 | House | First Reading | 4/23/2021 | House | Referred to Rules Committee | 4/28/2021 | House | Assigned to Personnel & Pensions Committee | 4/29/2021 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Michael T. Marron | 4/29/2021 | House | House Committee Amendment No. 1 Referred to Rules Committee | 5/4/2021 | House | House Committee Amendment No. 1 Rules Refers to Personnel & Pensions Committee | 5/5/2021 | House | Added Alternate Chief Co-Sponsor Rep. Dave Severin | 5/5/2021 | House | Added Alternate Co-Sponsor Rep. Norine K. Hammond | 5/5/2021 | House | Added Alternate Co-Sponsor Rep. Joyce Mason | 5/6/2021 | House | Do Pass / Short Debate Personnel & Pensions Committee; 007-001-000 | 5/6/2021 | House | Placed on Calendar 2nd Reading - Short Debate | 5/6/2021 | House | House Committee Amendment No. 1 Tabled Pursuant to Rule 40 | 5/7/2021 | House | Added Alternate Chief Co-Sponsor Rep. Daniel Didech | 5/7/2021 | House | Added Alternate Co-Sponsor Rep. Lawrence Walsh, Jr. | 5/7/2021 | House | Added Alternate Co-Sponsor Rep. Sam Yingling | 5/7/2021 | House | House Floor Amendment No. 2 Filed with Clerk by Rep. Michael T. Marron | 5/7/2021 | House | House Floor Amendment No. 2 Referred to Rules Committee | 5/10/2021 | House | Added Alternate Co-Sponsor Rep. Michael Halpin | 5/11/2021 | House | House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 003-000-000 | 5/11/2021 | House | Added Alternate Co-Sponsor Rep. Tony McCombie | 5/12/2021 | House | Added Alternate Co-Sponsor Rep. La Shawn K. Ford | 5/12/2021 | House | Added Alternate Co-Sponsor Rep. LaToya Greenwood | 5/13/2021 | House | Second Reading - Short Debate | 5/13/2021 | House | House Floor Amendment No. 2 Adopted | 5/13/2021 | House | Held on Calendar Order of Second Reading - Short Debate | 5/13/2021 | House | House Floor Amendment No. 2 Fiscal Note Requested as Amended by Rep. Mark Batinick | 5/13/2021 | House | Added Alternate Chief Co-Sponsor Rep. Sue Scherer | 5/14/2021 | House | Added Alternate Chief Co-Sponsor Rep. Emanuel Chris Welch | 5/14/2021 | House | Alternate Chief Co-Sponsor Changed to Rep. Emanuel Chris Welch | 5/19/2021 | House | Added Alternate Co-Sponsor Rep. Dan Brady | 5/19/2021 | House | Added Alternate Co-Sponsor Rep. Katie Stuart | 5/19/2021 | House | Added Alternate Co-Sponsor Rep. Kelly M. Cassidy | 5/19/2021 | House | House Floor Amendment No. 2 Pension Note Filed as Amended | 5/20/2021 | House | Added Alternate Co-Sponsor Rep. Dan Caulkins | 5/20/2021 | House | House Floor Amendment No. 2 Fiscal Note Filed as Amended | 5/25/2021 | House | Added Alternate Co-Sponsor Rep. David A. Welter | 5/25/2021 | House | Placed on Calendar Order of 3rd Reading - Short Debate | 5/27/2021 | House | Third Reading - Short Debate - Passed 110-005-000 | 5/27/2021 | House | Added Alternate Co-Sponsor Rep. Rita Mayfield | 5/27/2021 | House | Added Alternate Co-Sponsor Rep. Angelica Guerrero-Cuellar | 5/27/2021 | House | Added Alternate Co-Sponsor Rep. Jonathan Carroll | 5/27/2021 | House | Added Alternate Co-Sponsor Rep. Maurice A. West, II | 5/27/2021 | House | Added Alternate Co-Sponsor Rep. Dave Vella | 5/27/2021 | House | Added Alternate Co-Sponsor Rep. Jay Hoffman | 5/27/2021 | Senate | Secretary's Desk - Concurrence House Amendment(s) 2 | 5/27/2021 | Senate | Placed on Calendar Order of Concurrence House Amendment(s) 2 - May 28, 2021 | 5/27/2021 | Senate | House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Steve McClure | 5/27/2021 | Senate | House Floor Amendment No. 2 Motion to Concur Referred to Assignments | 5/29/2021 | Senate | House Floor Amendment No. 2 Motion to Concur Assignments Referred to Pensions | 5/30/2021 | Senate | Added as Co-Sponsor Sen. Neil Anderson | 5/30/2021 | Senate | House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Pensions; 008-000-000 | 5/30/2021 | Senate | Added as Co-Sponsor Sen. Cristina Castro | 5/30/2021 | Senate | Added as Co-Sponsor Sen. Laura M. Murphy | 5/30/2021 | Senate | Added as Co-Sponsor Sen. Patrick J. Joyce | 5/30/2021 | Senate | Added as Co-Sponsor Sen. Linda Holmes | 5/30/2021 | Senate | Added as Co-Sponsor Sen. Meg Loughran Cappel | 5/30/2021 | Senate | Added as Co-Sponsor Sen. John Connor | 5/30/2021 | Senate | Added as Co-Sponsor Sen. Doris Turner | 5/30/2021 | Senate | Added as Co-Sponsor Sen. Ram Villivalam | 5/30/2021 | Senate | Added as Co-Sponsor Sen. Chapin Rose | 5/30/2021 | Senate | Added as Co-Sponsor Sen. Laura Fine | 5/30/2021 | Senate | House Floor Amendment No. 2 Senate Concurs 055-001-000 | 5/30/2021 | Senate | Senate Concurs | 5/30/2021 | Senate | Passed Both Houses | 5/30/2021 | Senate | Added as Co-Sponsor Sen. Scott M. Bennett | 5/30/2021 | Senate | Added as Co-Sponsor Sen. Julie A. Morrison | 5/30/2021 | Senate | Added as Chief Co-Sponsor Sen. Karina Villa | 6/28/2021 | Senate | Sent to the Governor | 8/20/2021 | Senate | Governor Approved | 8/20/2021 | Senate | Effective Date August 20, 2021 | 8/20/2021 | Senate | Public Act . . . . . . . . . 102-0525 |