92nd General Assembly Summary of HB1688    [ Home ]   [ Back ]   [ Legislation ]

Legislation:   Please enter a bill number.

House Sponsors:
HOFFMAN-MCCARTHY.

Short description: 
PEN CD-TEACHERS-PRIVATE SCHOOL                                             

Synopsis of Bill as introduced:
        Amends the Downstate and Chicago Teacher Articles of the  Pension      
   Code.    Allows  purchase  of  service  credit  for  up  to 3 years of      
   employment by a recognized private  school.   Requires  payment  of  a      
   contribution  plus interest.  Amends the State Mandates Act to require      
   implementation without reimbursement.  Effective immediately.               
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of HB1688 cannot be determined, as the amount      
          of service credit that would be purchased is unknown. According      
          to TRS and CTRS, the required contributions fully fund the           
          actuarial cost of the service credit.                                
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 


 Full Text  Bill Status