Illinois Senate Bill 3742 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Chicago Teacher Article of the Illinois Pension Code. Increases the Board of Education's total required contribution to the Fund for fiscal year 2013 from $196,000,000 to $307,485,000. 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 has certified in the previous fiscal year that the total assets of the Fund are at least 90% of the total actuarial liabilities of the Fund. Effective immediately.

PEN CD-CHI TCHR-CPS FUNDING

Sen. Kwame Raoul [D]

Sen. Iris Martinez [D]

Date	Chamber	Action
2013-01-08	Senate	Session Sine Die
2012-03-30	Senate	Rule 3-9(a) / Re-referred to Assignments
2012-03-09	Senate	Rule 2-10 Committee Deadline Established As March 30, 2012
2012-03-07	Senate	Added as Chief Co-Sponsor Sen. Iris Y. Martinez
2012-02-24	Senate	Assigned to Pensions and Investments
2012-02-10	Senate	Referred to Assignments
2012-02-10	Senate	First Reading
2012-02-10	Senate	Filed with Secretary by Sen. Kwame Raoul

Chapter	Article	Section	Citation Type	Statute Text
40	5	17-129	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3742&GAID=11&DocTypeID=SB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/SB/09700SB3742.htm