Synopsis of Bill as introduced:
Amends the Illinois Pension Code. Makes a technical change in a
Section concerning downstate teachers.
PENSION NOTE (Pension Laws Commission)
House Bill 2665 has no fiscal impact.
SENATE AMENDMENT NO. 1.
Deletes reference to:
40 ILCS 5/16-101
Adds reference to:
40 ILCS 5/15-135
40 ILCS 5/16-127
40 ILCS 5/16-136.2
30 ILCS 805/8.26 new
Deletes everything. Amends the Downstate Teacher Article of the
Illinois Pension Code. Increases the amount of unused, uncompensated
sick leave for which a teacher may receive service credit upon
retirement. Provides for a minimum monthly retirement annuity of $30
for each year of service credit up to 30, beginning January 1, 2002.
Also amends the State Universities Article to make permanent the
provisions allowing retirement at any age with 30 years of service.
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
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1
END OF INQUIRY
Full Text Bill Status