IL HB2948 | 2017-2018 | 100th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that beginning in State fiscal year 2018, the State shall make annual contributions to the Chicago Public School Teachers' Pension and Retirement Fund. Provides that for State fiscal year 2018, the contribution shall be $456,500,000 and that for each year thereafter, the Board of Trustees of the Fund shall certify to the Governor by January 15th the amount of the required State contribution to the Fund for the coming fiscal year. Requires the certified contribution to be equal to 10% of the contribution certified by the board of trustees of the downstate teachers retirement system for the coming fiscal year. Effective immediately.

Tracking Information

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Title

PENS CD-CHI TEACHERS-REVENUE

Sponsors


History

DateChamberAction
2019-01-08HouseSession Sine Die
2017-03-31HouseRule 19(a) / Re-referred to Rules Committee
2017-02-22HouseAssigned to Appropriations-Elementary & Secondary Education Committee
2017-02-09HouseReferred to Rules Committee
2017-02-09HouseFirst Reading
2017-02-09HouseFiled with the Clerk by Rep. William Davis

Code Citations

ChapterArticleSectionCitation TypeStatute Text
40517-127Amended CodeCitation Text

Illinois State Sources


Bill Comments

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