Illinois House Bill 5232 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 2)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that, beginning in State fiscal year 2013, the State shall make annual contributions to the Fund. For State fiscal year 2013, the contribution shall be $270,347,800. For each year thereafter, the Board shall certify to the Governor by December 15th the amount of the required State contribution for the coming fiscal year. The certified contribution shall be equal to 10% of the certified State contribution to the downstate Teachers' Retirement System. In a provision that reduces the required annual Board of Education contribution to the Fund by the amount of any State contribution, makes the reduction apply only if the Board has certified in the previous fiscal year that the total assets of the Fund are at least 90% of the total actuarial liabilities of the Fund. Effective immediately.

PEN CD-CHI TCHR-STATE FUNDING

Rep. Monique Davis [D]

Rep. Thaddeus Jones [D]

Date	Chamber	Action
2013-01-08	House	Session Sine Die
2012-03-30	House	Rule 19(a) / Re-referred to Rules Committee
2012-03-27	House	Held on Calendar Order of Second Reading - Short Debate
2012-03-27	House	Second Reading - Short Debate
2012-03-09	House	Placed on Calendar 2nd Reading - Short Debate
2012-03-08	House	Do Pass / Short Debate Personnel and Pensions Committee; 006-002-000
2012-03-02	House	Added Co-Sponsor Rep. Thaddeus Jones
2012-02-28	House	Pension Note Filed
2012-02-21	House	Assigned to Personnel and Pensions Committee
2012-02-08	House	Referred to Rules Committee
2012-02-08	House	First Reading
2012-02-08	House	Filed with the Clerk by Rep. Monique D. Davis

Chapter	Article	Section	Citation Type	Statute Text
40	5	17-127	Amended Code	Citation Text
40	5	17-129	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5232&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/HB/09700HB5232.htm