Illinois General Assembly - Bill Status for SB 1226

Bill Status of SB 1226 94th General Assembly

Short Description: PEN CD-TRS-PRIV SCHOOL CREDIT

Senate Sponsors
Sen. Kirk W. Dillard

Last Action View All Actions

Date Chamber Action
  3/18/2005 Senate Rule 3-9(a) / Re-referred to Rules

Statutes Amended In Order of Appearance
40 ILCS 5/16-127 from Ch. 108 1/2, par. 16-127

Synopsis As Introduced
Amends the Downstate Teacher Article of the Illinois Pension Code. Extends to June 1, 2008 the period for applying to establish credit for service as a teacher or administrator employed by a private school. Effective immediately.

Pension Note (Government Forecasting & Accountability)
The fiscal impact cannot be determined as the amount of credit that would be purchased is unknown. According to TRS, the required contributions for the optional service should fully fund the actuarial cost of the service.

Actions
Date Chamber Action
  2/18/2005 Senate Filed with Secretary by Sen. Kirk W. Dillard
  2/18/2005 Senate First Reading
  2/18/2005 Senate Referred to Rules
  2/23/2005 Senate Assigned to Pensions & Investments
  3/2/2005 Senate Postponed - Pensions & Investments
  3/9/2005 Senate To Subcommittee
  3/11/2005 Senate Pension Note Filed from the Commission on Government Forecasting and Accountability.
  3/18/2005 Senate Rule 3-9(a) / Re-referred to Rules

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Date	Chamber	Action
3/18/2005	Senate	Rule 3-9(a) / Re-referred to Rules

	Pension Note (Government Forecasting & Accountability)
	The fiscal impact cannot be determined as the amount of credit that would be purchased is unknown. According to TRS, the required contributions for the optional service should fully fund the actuarial cost of the service.