SAVIANO, LYONS,JOSEPH AND BRADLEY. 40 ILCS 5/17-127 from Ch. 108 1/2, par. 17-127 40 ILCS 5/22-1001 from Ch. 108 1/2, par. 22-1001 40 ILCS 5/22-1003 from Ch. 108 1/2, par. 22-1003 Amends the Illinois Pension Code to provide additional State funding for the Chicago Teachers Pension Fund. Increases the annual State contribution to the Fund over a 7-year phase-in period beginning in fiscal year 2000, so that by fiscal year 2007, the annual State contribution is sufficient, with the other revenues available to the Fund, to meet the normal cost and amortize the unfunded liabilities of the Fund over a period of 40 years. Effective immediately. PENSION NOTE The State is expected to contribute $65 million to the Chicago Teachers' Pension Fund in FY 1999. 98-02-17 H FILED WITH CLERK 98-02-17 H FIRST READING 98-02-17 H REFERRED TO HOUSE RULES COMMITTEE RULES 98-03-23 H ADDED AS A CO-SPONSOR LYONS,JOSEPH 98-03-23 H ADDED AS A CO-SPONSOR BRADLEY 98-05-11 H PENSION NOTE FILED 98-05-11 H COMMITTEE RULES 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary