PENCD-CHGO TCHR-HEALTH INSUR

Amends the Chicago Teacher Article of the Illinois Pension Code. In a Section on reimbursement of health insurance costs: (1) deletes a provision limiting total payments in any year to $65,000,000, plus past-due amounts; (2) changes a provision limiting total payments in any year from 75% to 50% of the total cost of health insurance for all recipients, plus past-due amounts; and (3) adds a provision limiting each recipient to an amount equal to 2.2% of health insurance costs for each year of service credit. Amends the State Mandates Act to require implementation without reimbursement. Effective January 1, 2014.