92nd General Assembly
Status of SB0670
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MOLARO.

   40 ILCS 5/17-125          from Ch. 108 1/2, par. 17-125                     
   30 ILCS 805/8.25 new                                                        

        Amends the Chicago Teachers Article of the Illinois Pension Code.      
   Provides that, upon the retirement of a married teacher, if all of the      
   teacher's eligible survivors predeceased him or her, the total  amount      
   contributed by the teacher or otherwise paid by deductions from salary      
   for  survivor's pension shall be refunded to the teacher together with      
   interest thereon at the rate of 5% per year, compounded annually  from      
   the  date  of retirement to the date of repayment by the Fund.  Amends      
   the   State   Mandates   Act   to   require   implementation   without      
   reimbursement.  Effective immediately.                                      
          PENSION NOTE (Pension Laws Commission)                               
          According to the Fund's actuary, the fiscal impact of SB 670         
          is expected to be small.                                             
   FEB-21-2001  S  FIRST READING                                                  
   FEB-21-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-28-2001  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   MAR-06-2001  S       TO SUBCOMMITTEE                                           
   MAR-12-2001  S                        PENSION NOTE FILED AS INTRODUCED         
   MAR-12-2001  S                   COMMITTEE               INS & PENS.           
   MAR-31-2001  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   JAN-07-2003  S  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary