92nd General Assembly
Summary of HB3667
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House Sponsors:
MEYER.

Short description: 
PENCD-DNST TCHR-PRIVATE SCHOOL                                             

Synopsis of Bill as introduced:
        Amends the Downstate Teacher  Article  of  the  Illinois  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.  Effective immediately.                         
          PENSION IMPACT NOTE (Pension Laws Commission)                        
          The fiscal impact of HB 3667 cannot be determined, as the            
          amount of service credit that would be purchased is unknown.         
          According to TRS, the required contributions fully fund the          
          actuarial cost of the service.                                       
 
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 



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