Bill Status of HB 5333   97th General Assembly

Short Description:  PEN CD-CHI TCHR-CPS FUNDING

House Sponsors
Rep. Marlow H. Colvin and Thaddeus Jones

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/17-129from Ch. 108 1/2, par. 17-129

Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. Increases the Board of Education's total required contribution to the Fund for fiscal year 2013 from $196,000,000 to $307,485,000. In a provision that reduces the required annual Board of Education contribution to the Fund by the amount of any State contribution, makes the reduction apply only if the Board has certified in the previous fiscal year that the total assets of the Fund are at least 90% of the total actuarial liabilities of the Fund. Effective immediately.

Actions 
DateChamber Action
  2/8/2012HouseFiled with the Clerk by Rep. Marlow H. Colvin
  2/8/2012HouseFirst Reading
  2/8/2012HouseReferred to Rules Committee
  3/2/2012HouseAdded Co-Sponsor Rep. Thaddeus Jones
  1/8/2013HouseSession Sine Die

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