PENCD-ART 17-EARLY RETIREMENT
Summary
Amends the Chicago Teachers Article of the Illinois Pension Code. Provides that a member who retires after June 1, 2004 and before June 30, 2009 and within 6 months of the last day of teaching for which contributions were required may make a one time contribution to the system and thereby avoid early retirement reduction in allowance. Provides that an election by a member to make such a contribution obligates the last Employer to make a one time contribution to the Fund. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Mar 2003
Committee Review
Floor Vote
Governor
Introduced Mar 11, 2003
Last action Jan 11, 2005
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
3
Jan 11, 2005
House · Failed
Session Sine Die
Mar 13, 2003
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Feb 28, 2003
House · Referred to committee
Assigned to Executive Committee
Feb 27, 2003
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Michael K. Smith
DDemocratic
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