IL HB4635 | 2015-2016 | 99th General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 1 2016 - 25% progression, died in committee
Action: 2016-02-05 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 1 2016 - 25% progression, died in committee
Action: 2016-02-05 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that beginning in State fiscal year 2017, the State shall make annual contributions to the Chicago Public School Teachers' Pension and Retirement Fund. Provides that for State fiscal year 2017, the contribution shall be $374,270,000 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.
Title
PENS CD-CHI TEACHERS-REVENUE
Sponsors
History
Date | Chamber | Action |
---|---|---|
2016-02-05 | House | Referred to Rules Committee |
2016-02-05 | House | First Reading |
2016-02-01 | House | Filed with the Clerk by Rep. Monique D. Davis |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
40 | 5 | 17-127 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4635&GAID=13&DocTypeID=HB&SessionID=88&GA=99 |
Text | https://www.ilga.gov/legislation/99/HB/09900HB4635.htm |