SB 160

  • Illinois Senate Bill
  • 95th Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Pencd-Chgo Tchr-Refund-Augment

Abstract

Amends the Chicago Teacher Article of the Illinois Pension Code. Eliminates the required contribution for converting past service to the augmented retirement formula, and provides for a refund of such contributions already paid. Also provides for recalculation of the pension and a lump sum payment of the difference between the augmented and unaugmented rates for certain pensioners. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

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Jan 13, 2009

Senate

Session Sine Die

Mar 16, 2007

Senate

Rule 3-9(a) / Re-referred to Rules

Feb 21, 2007

Senate

Postponed - Pensions and Investments

Feb 07, 2007

Senate

Assigned to Pensions and Investments

Jan 31, 2007

Senate

Filed with Secretary by Sen. James A. DeLeo

Senate

Referred to Rules

Senate

First Reading

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