IL SB1302 | 2015-2016 | 99th General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 18 2015 - 25% progression, died in committee
Action: 2015-10-10 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that beginning in State fiscal year 2016, the State shall make annual contributions to the Chicago Public School Teachers' Pension and Retirement Fund. Provides that for State fiscal year 2016, 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.

Tracking Information

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Title

PENS CD-CHI TEACHERS-REVENUE

Sponsors


History

DateChamberAction
2015-10-10SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
2015-05-15SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015
2015-04-24SenateRule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015
2015-03-27SenateRule 2-10 Committee Deadline Established As April 24, 2015
2015-03-05SenateTo Subcommittee on Governmental Operations
2015-02-25SenateAssigned to Executive
2015-02-18SenateReferred to Assignments
2015-02-18SenateFirst Reading
2015-02-18SenateFiled with Secretary by Sen. Emil Jones, III

Code Citations

ChapterArticleSectionCitation TypeStatute Text
40517-127Amended CodeCitation Text

Illinois State Sources


Bill Comments

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