House Sponsors: GILES-CURRIE-MURPHY-HOEFT. Senate Sponsors: MOLARO-O'MALLEY-CULLERTON Short description: PENSIONS-TECH Synopsis of Bill as introduced: Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago teachers. PENSION NOTE (Pension Laws Commission) House Bill 2662 has no fiscal impact. HOUSE AMENDMENT NO. 4. Deletes reference to: 40 ILCS 5/17-101 Adds reference to: 40 ILCS 5/17-106 from Ch. 108 1/2, par. 17-106 40 ILCS 5/17-116.3 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 State Mandates Act to require implementation without reimbursement. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status