Illinois General Assembly - Bill Status for HB0302
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 Bill Status of HB0302  94th General Assembly


Short Description:  PENCD-ART 17-EARLY RETIREMENT

House Sponsors
Rep. Robert S. Molaro

Last Action
DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/17-116.1from Ch. 108 1/2, par. 17-116.1
30 ILCS 805/8.29 new


Synopsis As Introduced
Amends the Chicago Teachers Article of the Illinois Pension Code. Provides that a member who retires after June 1, 2005 and before June 30, 2010 and within 6 months of the last day of teaching for which contributions were required may make a one time contribution to the system and thereby avoid early retirement reduction in allowance. Provides that an election by a member to make such a contribution obligates the last Employer to make a one time contribution to the Fund. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  1/19/2005HouseFiled with the Clerk by Rep. Robert S. Molaro
  1/19/2005HouseFirst Reading
  1/19/2005HouseReferred to Rules Committee
  1/26/2005HouseAssigned to Executive Committee
  3/10/2005HouseRule 19(a) / Re-referred to Rules Committee
  1/9/2007HouseSession Sine Die

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