Bill Title: Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that service retirement pensions shall begin on the effective date of termination as reflected in the records of the Employer. Provides that upon certification of a member's termination (instead of cancellation of his teaching certificate) and on written application, a teacher shall be paid a refund. Provides that to obtain a refund for a member who has completed the minimum term of service required to establish eligibility for a pension, the member must execute and deliver to the Board a written acknowledgment of forfeiture of all service credit and rights to pension payments (instead of a written receipt and acknowledgment). Makes other changes. Effective immediately.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Passed) 2019-08-09 - Public Act . . . . . . . . . 101-0263 [HB2628 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Jaime Andrade [D]	Primary	Sponsored Bills	HD-040	FollowTheMoney	Ballotpedia	VoteSmart
Representative Lamont Robinson [D]	Cosponsor	Sponsored Bills	HD-005	FollowTheMoney	Ballotpedia	VoteSmart
Senator Iris Martinez [D]	Primary	Sponsored Bills	SD-020	FollowTheMoney	Ballotpedia	VoteSmart

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