PEN CD-CHI TCHR-CPS FUNDING
Summary
Amends the Chicago Teacher Article of the Illinois Pension Code. Increases the Board of Education's total required contribution to the Fund for fiscal year 2013 from $196,000,000 to $307,485,000. In a provision that reduces the required annual Board of Education contribution to the Fund by the amount of any State contribution, makes the reduction apply only if the Board has certified in the previous fiscal year that the total assets of the Fund are at least 90% of the total actuarial liabilities of the Fund. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2012
Committee Review
Floor Vote
Governor
Introduced Feb 10, 2012
Last action Jan 8, 2013
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
0
Committee
4
Jan 8, 2013
Senate · Failed
Session Sine Die
Mar 30, 2012
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Mar 9, 2012
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As March 30, 2012
Feb 24, 2012
Senate · Referred to committee
Assigned to Pensions and Investments
Feb 10, 2012
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Kwame Raoul
DDemocratic
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