SB 2381

  • Illinois Senate Bill
  • 99th Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Pens Cd-Chi Teachers-Revenue

Abstract

Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that beginning in State fiscal year 2017, the State shall make annual contributions to the Chicago Public School Teachers' Pension and Retirement Fund. Provides that for State fiscal year 2017, the contribution shall be $374,270,000 and that for each year thereafter, the Board of Trustees of the Fund shall certify to the Governor by January 15th the amount of the required State contribution to the Fund for the coming fiscal year. Requires the certified contribution to be equal to 10% of the contribution certified by the board of trustees of the downstate teachers retirement system for the coming fiscal year. Effective immediately.

Bill Sponsors (1)

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Jan 10, 2017

Senate

Session Sine Die

May 13, 2016

Senate

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

Apr 22, 2016

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As May 13, 2016

Apr 08, 2016

Senate

Rule 2-10 Committee Deadline Established As April 22, 2016

Mar 02, 2016

Senate

To Subcommittee on Governmental Operations

Feb 17, 2016

Senate

Added as Chief Co-Sponsor Sen. Mattie Hunter

Senate

Assigned to Executive

Feb 03, 2016

Senate

Filed with Secretary by Sen. Emil Jones, III

Senate

Referred to Assignments

Senate

First Reading

Bill Text

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