HB 302

  • Illinois House Bill
  • 94th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Pencd-Art 17-Early Retirement

Abstract

Amends the Chicago Teachers Article of the Illinois Pension Code. Provides that a member who retires after June 1, 2005 and before June 30, 2010 and within 6 months of the last day of teaching for which contributions were required may make a one time contribution to the system and thereby avoid early retirement reduction in allowance. Provides that an election by a member to make such a contribution obligates the last Employer to make a one time contribution to the Fund. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Bill Sponsors (1)

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Actions


Jan 09, 2007

House

Session Sine Die

Mar 10, 2005

House

Rule 19(a) / Re-referred to Rules Committee

Jan 26, 2005

House

Assigned to Executive Committee

Jan 19, 2005

House

Filed with the Clerk by Rep. Robert S. Molaro

House

First Reading

House

Referred to Rules Committee

Bill Text

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