Rep. Barbara Flynn Currie

Filed: 5/2/2012

09700HB5964ham001 HDS097 00042 CIN 40051 a

AMENDMENT TO HOUSE BILL 5964

    AMENDMENT NO. ______. Amend House Bill 5964, by replacing everything after the enacting clause with the following:

“ARTICLE 1

    Section 5. The sum of $2,702,278,000, or so much thereof as may be necessary, is appropriated from the Common School Fund to the Teachers' Retirement System of the State of Illinois for the State's contribution, as provided by law.

    Section 10. The sum of $1,200,000, or so much thereof as may be necessary, is appropriated from the Education Assistance Fund to the Teachers' Retirement System of the State of Illinois 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.

    Section 15. The sum of $120,000, or so much thereof as may be necessary, is appropriated from the Common School Fund to the Illinois Teachers’ Retirement System for the employer contributions required by the State as an employer of teachers described under subsection (e) of Section 16-158 of the Illinois Pension Code.

    Section 20.  The sum of $191,284,707, or so much thereof as may be necessary, is appropriated from the General Revenue Fund to the Public School Teachers’ Pension and Retirement Fund of Chicago for the State’s normal cost contribution for the fiscal year beginning July 1, 2012.

Section 999.  Effective date.  This Act takes effect July 1, 2012.”.