PEN CD-CHI TCHR-STATE FUNDING
Summary
Amends the Chicago Teacher Article of the Illinois Pension Code. 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 of the Fund certifies that the total assets of the Fund are at least 90% of the total actuarial liabilities of the Fund as of June 30 of the previous fiscal year. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2013
Committee Review
Floor Vote
Governor
Introduced Feb 15, 2013
Last action Jan 13, 2015
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
0
Committee
5
Jan 13, 2015
Senate · Failed
Session Sine Die
Mar 22, 2013
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Mar 14, 2013
Senate · Reported by committee
Postponed - Subcommittee on Special Issues
Mar 6, 2013
Senate · Reported by committee
To Subcommittee on Special Issues (EX)
Mar 5, 2013
Senate · Referred to committee
Assigned to Executive
Feb 15, 2013
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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