Bill Status of HB 430   95th General Assembly


Short Description:  PEN CD-CHGO TCHR-SALARY

House Sponsors
Rep. Richard T. Bradley

Last Action  View All Actions

DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/17-131from Ch. 108 1/2, par. 17-131
30 ILCS 805/8.31 new

Synopsis As Introduced
Amends the Chicago Teacher Article of the Pension Code. Provides that salary received on or after July 1, 2007 for overtime, summer school, and other optional service shall be included in the calculation of salary for pension purposes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

 Pension Note (Government Forecasting & Accountability)
 According to an analysis prepared by the Fund’s actuary, HB 430 could increase total actuarial liability by $128.6 million - $642.9 million, depending on the increase in pensionable salary.

Actions 
DateChamber Action
  1/26/2007HouseFiled with the Clerk by Rep. Richard T. Bradley
  1/26/2007HouseFirst Reading
  1/26/2007HouseReferred to Rules Committee
  1/31/2007HouseAssigned to Personnel and Pensions Committee
  2/15/2007HousePension Note Filed
  2/27/2007HouseRe-assigned to Executive Committee
  3/23/2007HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2009HouseSession Sine Die

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