House Sponsors: CROTTY-MURPHY-WOJCIK-BRADLEY, LYONS,JOSEPH, SOTO AND DURKIN. Senate Sponsors: O'MALLEY-DELEO-SHAW Short description: PEN CD-CHGO TCHR-RATES Synopsis of Bill as introduced: Amends the Chicago Teacher Article of the Pension Code. Provides a new program of nonduty temporary disability benefits. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) According to the Fund's actuary, HB 2157 would increase the accrued liability of the Fund by an estimated $37.1 million. The increase in total annual cost is estimated at $2.3 million, or 0.15% of payroll. The total annual cost will grow commensur- ate with the payroll. HOUSE AMENDMENT NO. 1. Deletes reference to: 40 ILCS 5/17-117.2 new Adds reference to: 40 ILCS 5/17-116.3 Deletes everything. Amends the Chicago Teacher Article of the Illinois Pension Code to grant additional benefits to persons who began receiving early retirement benefits in 1993. Requires no additional contribution. Provides for recalculation of current annuities. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. SENATE AMENDMENT NO. 1. Adds reference to: 40 ILCS 5/16-106 from Ch. 108 1/2, par. 16-106 40 ILCS 5/16-118 from Ch. 108 1/2, par. 16-118 40 ILCS 5/16-129.1 40 ILCS 5/17-106 from Ch. 108 1/2, par. 17-106 40 ILCS 5/17-116.4 40 ILCS 5/17-119.1 40 ILCS 5/17-121 from Ch. 108 1/2, par. 17-121 40 ILCS 5/17-149 from Ch. 108 1/2, par. 17-149 30 ILCS 805/8.25 new Deletes everything. Amends the Chicago Teacher Article of the Illinois Pension Code. Grants additional benefits to persons who began receiving early retirement benefits in 1993. Requires no additional contribution. Provides for recalculation of current annuities. Provides that a person who retires on or after July 1, 1998 with at least 30 years of service at retirement may have that service converted to the augmented rate without paying any additional contribution. Allows a person who began receiving early retirement benefits in 1994 to purchase additional service credit for up to 3 weeks in 1968 during which the person was prevented from working due to civil unrest. Requires an additional employee contribution. Makes payment of the resulting increase in retirement annuity payable retroactively from the date of retirement. Provides that a surviving spouse of a member or annuitant under the Chicago Teacher Article who is also a dependent beneficiary under the provisions of the Downstate Teacher Article is eligible for a reciprocal survivor's pension, provided that any refund of survivor's pension contributions is repaid to the Fund and application is made within 30 days. Increases from 100 days per year to 150 days per year the number of days a teacher may return to work as a teacher after retirement before his or her pension is cancelled or suspended. Amends the Downstate Teachers Article of the Illinois Pension Code. Until July 1, 2006, increases the number of days per year for which a teacher may return to work after retirement without impairing retirement status. Requires new employees of the System to participate in the System. Also adds provisions relating to the contribution for conversion to the augmented rate. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. STATE MANDATES NOTE, H-AM 1 (State Board of Education) HB 2157 (H-am 1) appears to create a personnel mandate. The State Board of Education is unable to calculate the exact cost of the mandate or the increase in actuarial liability of the Chicago Teacher Retirement System. While this legislation clearly creates a State mandate, it is specifically exempt from the reimbursement provisions of the State Mandates Act. Last action on Bill: PUBLIC ACT.............................. 92-0416 Last action date: AUG-17-2001 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 1 END OF INQUIRY Full Text Bill Status