PEN CD-CHI TCHR-STATE FUNDING
Summary
Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that, beginning in State fiscal year 2014, the State shall make annual contributions to the Fund. For State fiscal year 2014, the contribution shall be $343,860,000. For each year thereafter, the Board shall certify to the Governor by December 15th the amount of the required State contribution for the coming fiscal year. The certified contribution shall be equal to 10% of the certified State contribution to the downstate Teachers' Retirement System. 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
9
Key actions
2
Committee
5
Mar 22, 2013
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
Mar 14, 2013
Upper · Passed
Postponed - Subcommittee on Special Issues
upper
Mar 6, 2013
Upper · Passed
To Subcommittee on Special Issues (EX)
upper
Mar 5, 2013
Committee
Assigned to Executive
upper
Feb 15, 2013
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor
Sponsors
No sponsor information available.
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