Bill Status of SB 480   95th General Assembly

Short Description:  PEN CD-TRS-EMPLOYER CONTRIBUTN

Senate Sponsors
Sen. Dave Syverson-Chris Lauzen

Last Action  View All Actions

DateChamber Action
  1/13/2009SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/16-158from Ch. 108 1/2, par. 16-158
30 ILCS 805/8.31 new

Synopsis As Introduced
Amends the Downstate Teachers Article of the Illinois Pension Code. Provides that, if the retirement annuity to any annuitant whose final average salary includes salary for any service in a position requiring an administrative certificate under the School Code will exceed $150,000 in the first full year, the annuitant's employer shall pay to the System, in addition to all other required payments and in accordance with guidelines established by the System, the present value of the benefits exceeding $150,000 per year. Effective immediately.

Actions 
DateChamber Action
  2/8/2007SenateFiled with Secretary by Sen. Dave Syverson
  2/8/2007SenateFirst Reading
  2/8/2007SenateReferred to Rules
  3/1/2007SenateAdded as Chief Co-Sponsor Sen. Chris Lauzen
  1/13/2009SenateSession Sine Die

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