Bill Status of SB 3344   103rd General Assembly


Short Description:  PENCD-CTPF-SERVICE CALCULATION

Senate Sponsors
Sen. Robert F. Martwick

Last Action  View All Actions

DateChamber Action
  2/7/2024SenateReferred to Assignments

Statutes Amended In Order of Appearance
40 ILCS 5/17-114from Ch. 108 1/2, par. 17-114

Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that when computing days of validated service, contributors shall receive the greater of: (1) one day of service credit for each day for which they are paid salary representing a partial or a full day of employment rendered to an employer or the Board of Trustees of the Fund; or (2) 10 days of service credit for each 10-day period of employment in which the contributor worked 50% or more of the regularly scheduled hours (instead of one day of service credit for each day for which they are paid salary representing a partial or a full day of employment rendered to an employer or the Board).

Actions 
DateChamber Action
  2/7/2024SenateFiled with Secretary by Sen. Robert F. Martwick
  2/7/2024SenateFirst Reading
  2/7/2024SenateReferred to Assignments

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