Illinois General Assembly - Bill Status for HB4826

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Bill Status of HB4826 96th General Assembly

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Short Description: PENCD-CHIC TCHR-HEALTH INS MAX

House Sponsors
Rep. William Davis

Last Action

Date	Chamber	Action
1/11/2011	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/17-142.1

from Ch. 108 1/2, par. 17-142.1

30 ILCS 805/8.34 new

Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. In provisions concerning the Board of Trustees of the Public School Teachers' Pension and Retirement Fund of Chicago's power to defray health insurance costs, increases the maximum total payments for that purpose to $100,000,000 (from $65,000,000) plus any amount authorized to be paid in the preceding year that was not actually paid by the Board, including interest earned thereon. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

	Pension Note (Government Forecasting & Accountability)
	HB 4826 would increase the annual cost of the pension fund by $35 million. To the extent that these assets would not be available for reinvestment, the accrued liabilities of the fund would increase and greater employer contributions would be required in future years.

	Fiscal Note (Dept. of Revenue)
	HB 4826 will have no fiscal impact on State revenues. This note does not address its impact on the pension system.

Actions

Date	Chamber	Action
1/12/2010	House	Filed with the Clerk by Rep. William Davis
1/12/2010	House	First Reading
1/12/2010	House	Referred to Rules Committee
2/16/2010	House	Assigned to Personnel and Pensions Committee
2/25/2010	House	Do Pass / Short Debate Personnel and Pensions Committee; 009-000-000
2/25/2010	House	Placed on Calendar 2nd Reading - Short Debate
3/2/2010	House	Second Reading - Short Debate
3/2/2010	House	Held on Calendar Order of Second Reading - Short Debate
3/2/2010	House	Fiscal Note Requested by Rep. William B. Black
3/2/2010	House	Pension Note Requested by Rep. William B. Black
3/4/2010	House	Pension Note Filed
3/9/2010	House	Fiscal Note Filed
3/18/2010	House	Second Reading - Short Debate
3/18/2010	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/25/2010	House	Third Reading - Consideration Postponed
3/25/2010	House	Placed on Calendar - Consideration Postponed
3/26/2010	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2011	House	Session Sine Die

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