93RD GENERAL ASSEMBLY

 

State of Illinois

 

2003 and 2004

SB3299

 

Introduced 2/19/2004, by Sen. Emil Jones, Jr.

 

SYNOPSIS AS INTRODUCED:

 

Makes appropriations for expenses of the Teachers Retirement System for the fiscal year beginning July 1, 2004, as follows:

 

General Revenue Fund                 $735,601,000

Other State Funds                      44,190,000

Total                                $779,791,000

 

 

 

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OMB093 00353 RJW 40147 b

 

 

 

 

 

$TEACHERS RET. SYSTEM OCE FY05

 

 

 


    AN ACT concerning appropriations.

 

        Be it enacted by the People of the State of Illinois, represented in the General Assembly:

 

  Section 5.  The following amounts, or so much thereof as may be necessary, respectively, are appropriated to the Teachers' Retirement System of the State of Illinois for the State's contributions, as provided by law:

  Payable from the Common School Fund......... $422,763,000

  Payable from the Education

   Assistance Fund............................. 300,000,000

  Payable from the General

   Revenue Fund.................................. 9,738,000

    Total..................................... $732,501,000

 

  Section 10.  The following named amount, or so much thereof as may be necessary, respectively, is appropriated from the General Revenue Fund to the Teachers' Retirement System for the objects and purposes hereinafter named:

For additional costs due to the establishment

   of minimum retirement allowances

   pursuant to Sections 16-136.2 and

   16-136.3 of the "Illinois

   Pension Code", as amended.................... $3,100,000

    Total                                        $3,100,000

 

    Section 15.  The sum of $44,190,000, minus the amount transferred to the Teachers' Retirement System pursuant to continuing appropriation authorized by the State Pensions Fund Continuing Appropriation Act, is appropriated from the State Pensions Fund to the Board of Trustees of the Teachers'

Retirement System pursuant to the provisions of Section 8.12 of "AN ACT in relation to State finance", approved June 10, 1919, as amended.

 

Section 99. Effective date. This Act takes effect on July 1, 2004.