HB 4833

  • Illinois House Bill
  • 96th Regular Session
  • Introduced in House
  • House
  • Senate
  • 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 11, 2011

House

Session Sine Die

Jan 12, 2010

House

Filed with the Clerk by Rep. Robert Rita

House

First Reading

House

Referred to Rules Committee

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