91st General Assembly
Status of SB1448
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MOLARO.

   40 ILCS 5/17-127          from Ch. 108 1/2, par. 17-127                     
   40 ILCS 5/17-130.1        from Ch. 108 1/2, par. 17-130.1                   

        Amends the Chicago Teacher Article of the Pension Code.  Provides      
   for mandatory State contributions to the Chicago Teacher Pension Fund.      
   Effective immediately.                                                      
          PENSION NOTE (Pension Laws Commission)                               
          The increase in State funding to the Chicago Teachers' Pension       
          Fund would be equal to 20% of the increase in TRS appropriation      
          over FY 2000 levels, or $17.1 million in FY 2001. For FY 2005,       
          projected required contributions to TRS would be $1,062.9 mil-       
          lion and the additional CTRS contributions would be $85.8            
          million. For FY 2045, projected TRS contributions would be           
          $7,530.9 million and additional CTRS contributions would be          
          $1,379.4 million.                                                    
   00-01-26  S  FIRST READING                                                  
   00-01-26  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   00-02-10  S                        PENSION NOTE FILED AS INTRODUCED         
   00-02-10  S                   COMMITTEE               RULES                 
   01-01-09  S  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary