Illinois General Assembly - Bill Status for SB1266
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 Bill Status of SB1266  101st General Assembly


Short Description:  PEN CD-CTPF-DEFRAY HEALTH INS

Senate Sponsors
Sen. Omar Aquino

Last Action
DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/17-127from Ch. 108 1/2, par. 17-127
40 ILCS 5/17-142.1from Ch. 108 1/2, par. 17-142.1


Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. Beginning in 2020, requires (rather than allows) the Board of Trustees to pay to each recipient of a service retirement, disability retirement, or survivor's pension an amount to be determined by the Board, which shall represent partial or complete reimbursement (rather than partial) for the cost of the recipient's health insurance coverage. Provides that beginning in 2020, the total amount of payments for each year shall equal $65,000,000 plus any amount that was authorized or required to be paid in the preceding year but was not actually paid by the Board, including any interest earned thereon. Makes conforming changes. Effective immediately.

Actions 
DateChamber Action
  2/6/2019SenateFiled with Secretary by Sen. Omar Aquino
  2/6/2019SenateFirst Reading
  2/6/2019SenateReferred to Assignments
  1/13/2021SenateSession Sine Die

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