Senate Sponsors: MADIGAN,R. Short description: PEN CD-DNST TCH-ADMINISTRATIVE Synopsis of Bill as introduced: Amends the Downstate Teacher Article of the Illinois Pension Code. Eliminates the 100-day TRS membership waiting period for persons receiving a retirement annuity under the Chicago Teacher Article. Permits certain teachers who interrupted service under the Chicago Teacher Article because of pregnancy to purchase TRS credit for the period of leave. Incorporates the 2.2% retirement formula into the calculation of the single-sum retirement benefit. Provides that the System may require benefit recipients to receive recurring payments electronically. Combines the Members' Contribution Reserve and the Employer's Contribution Reserve into a single new Benefit Trust Reserve. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact of SB 739 cannot be determined, but is es- timated to be minor. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status