Bill Title: Amends the Chicago Teachers Article of the Illinois Pension Code. Changes the method for calculating validated service. Limits the amount of pension credit that may be granted each year. Authorizes deductions for omissions made in prior pay periods. Requires deductions to be made whenever salary represents pay for a day or part of a day (rather than pay for 5 days). Makes other changes concerning the administration of payroll deductions. Requires employers to cause the Fund to receive all payroll records and pension contributions (rather than just pension contributions) within 30 calendar (rather than 15 business) days after each predesignated payday. Makes other changes concerning the payment and certification of salary deductions. Amends the State Mandates Act to require implementation without reimbursement. Effective July 1, 2011.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2011-06-28 - Public Act . . . . . . . . . 97-0030 [HB1719 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Kevin McCarthy [D]	Primary	Sponsored Bills	HD-037	FollowTheMoney	Ballotpedia	VoteSmart
Senator Kwame Raoul [D]	Primary	Sponsored Bills	SD-013	FollowTheMoney	Ballotpedia	VoteSmart

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