90th General Assembly
Status of HB0357
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CAPPARELLI-LYONS,JOSEPH-BUGIELSKI-BURKE-MCAULIFFE, 
   LOPEZ, LANG AND SAVIANO.

   40 ILCS 5/17-116.7 new                                                      
   30 ILCS 805/8.21 new                                                        

        Amends the Chicago Teacher Article of the Pension Code to  extend      
   the  early retirement program for persons who retire at the end of the      
   1996-1997 school year.  Amends  the  State  Mandates  Act  to  require      
   implementation without reimbursement.  Effective immediately.               
          PENSION NOTE                                                         
           Increase in accrued liability                                       
            at 25% utilization                                    $21.8 M      
            at 50% utilization                                    $43.6 M      
            at 75% utilization                                    $65.4 M      
           Increase in total annual cost                                       
            at 25% utilization                                    $ 1.1 M      
            at 50% utilization                                    $ 2.1 M      
            at 75% utilization                                    $ 3.2 M      
           Increase in total annual cost as a percent of payroll               
            at 25%                                                   .10%      
            at 50%                                                   .20%      
            at 75%                                                   .29%      
   97-01-29  H  FIRST READING                                                  
   97-01-29  H  ADDED AS A JOINT SPONSOR                 LYONS,JOSEPH          
   97-01-29  H  ADDED AS A CO-SPONSOR                    BUGIELSKI             
   97-01-29  H  ADDED AS A CO-SPONSOR                    BURKE                 
   97-01-29  H  ADDED AS A CO-SPONSOR                    MCAULIFFE             
   97-01-29  H  ADDED AS A CO-SPONSOR                    SANTIAGO              
   97-01-29  H  ADDED AS A CO-SPONSOR                    LOPEZ                 
   97-01-29  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   97-02-05  H       ASSIGNED TO COMMITTEE               PERS PENSION          
   97-03-07  H  ADDED AS A CO-SPONSOR                    SAVIANO               
   97-03-10  H                        PENSION NOTE FILED                       
   97-03-10  H                   COMMITTEE               PERS PENSION          
   97-03-21  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   99-01-12  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary