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