Bill Title: Amends the School Code. Provides that a separate tax shall be levied by the Chicago Board of Education for the purpose of making an employer contribution to the Public School Teachers' Pension and Retirement Fund of Chicago, at the rate of 0.26%; requires the proceeds from this separate tax to be paid directly to the Pension Fund. Makes a corresponding reduction in the rate limitation for the tax for general educational purposes. Effective immediately.

Spectrum: Strong Partisan Bill (Democrat 24-2)

Status: (Engrossed - Dead) 2015-10-10 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments [HB3695 Detail]

Text: Latest bill text (Engrossed) [HTML]

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