PENCD-CHGO TCHR-REFUND-AUGMENT
Summary
Amends the Chicago Teacher Article of the Illinois Pension Code. Eliminates the required contribution for converting past service to the augmented retirement formula, and provides for a refund of such contributions already paid. Also provides for recalculation of the pension and a lump sum payment of the difference between the augmented and unaugmented rates for certain pensioners. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Jan 2007
Committee Review
Floor Vote
Governor
Introduced Jan 31, 2007
Last action Jan 13, 2009
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
3
Jan 13, 2009
Senate · Failed
Session Sine Die
Mar 16, 2007
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Rules
Feb 7, 2007
Senate · Referred to committee
Assigned to Pensions and Investments
Jan 31, 2007
Senate · Referred to committee
Referred to Rules
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
James A. DeLeo
DDemocratic
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