IL SB1926 | 2013-2014 | 98th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on January 13 2015 - 100% progression
Action: 2015-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that, beginning in State fiscal year 2014, the State shall make annual contributions to the Fund. For State fiscal year 2014, the contribution shall be $343,860,000. 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. Effective immediately.

Tracking Information

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Title

PEN CD-CHI TCHR-STATE FUNDING

Sponsors


History

DateChamberAction
2015-01-13SenateSession Sine Die
2013-03-22SenateRule 3-9(a) / Re-referred to Assignments
2013-03-14SenatePostponed - Subcommittee on Special Issues
2013-03-06SenateTo Subcommittee on Special Issues (EX)
2013-03-05SenateAssigned to Executive
2013-02-19SenateAdded as Chief Co-Sponsor Sen. Napoleon Harris, III
2013-02-15SenateReferred to Assignments
2013-02-15SenateFirst Reading
2013-02-15SenateFiled 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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