92nd General Assembly
Status of HB2210
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MURPHY.

   40 ILCS 5/17-116          from Ch. 108 1/2, par. 17-116                     
   30 ILCS 805/8.25 new                                                        

        Amends the Chicago Teacher Article of the Illinois Pension Code.       
   Provides that a teacher may receive a retirement pension at age 60          
   with 10 years of service. Amends the State Mandates Act to require          
   implementation without reimbursement.  Effective immediately.               
          PENSION NOTE (Pension Laws Commission)                               
          Based on the 1999 actuarial valuation, HB 2210 would increase        
          the accrued liability of the Fund by $26.3 million. The              
          corresponding increase in total annual cost would be $4.1            
          million, or 0.27% of payroll.                                        
   FEB-22-2001  H  FILED WITH CLERK                                               
   FEB-22-2001  H  FIRST READING                                                  
   FEB-22-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-23-2001  H       ASSIGNED TO COMMITTEE               PERS PENSION          
   MAR-12-2001  H                        PENSION NOTE FILED                       
   MAR-12-2001  H                   COMMITTEE               PERS PENSION          
   MAR-16-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary