PENCD-TRS SMP
Summary
Amends the Downstate Teacher Article of the Illinois Pension Code. Directs the System to establish a self-managed plan. The plan applies only to teachers whose employers adopt the plan, and only to teachers who make an election to participate in the plan. Specifies the terms and contents of the plan and the method of electing to participate. Defines terms. Contains a new benefit increase exception. Makes conforming changes to the Retirement Systems Reciprocal Act (Article 20 of the Code). Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Mar 2013
Committee Review
Floor Vote
Governor
Introduced Mar 20, 2013
Last action Dec 3, 2014
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
3
Mar 22, 2013
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 11, 2013
Committee
Assigned to Personnel and Pensions Committee
lower
Feb 26, 2013
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor
Sponsors
No sponsor information available.
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