Bill Status of SB0480 95th General Assembly
Short Description: PEN CD-TRS-EMPLOYER CONTRIBUTN
Sen. Dave Syverson - Chris Lauzen
| 1/13/2009||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Downstate Teachers Article of the Illinois Pension Code. Provides that, if the retirement annuity to any annuitant whose final average salary includes salary for any service in a position requiring an administrative certificate under the School Code will exceed $150,000 in the first full year, the annuitant's employer shall pay to the System, in addition to all other required payments and in accordance with guidelines established by the System, the present value of the benefits exceeding $150,000 per year. Effective immediately.
|Date||Chamber|| Action|| 2/8/2007||Senate||Filed with Secretary by Sen. Dave Syverson|| 2/8/2007||Senate||First Reading|| 2/8/2007||Senate||Referred to Rules|| 3/1/2007||Senate||Added as Chief Co-Sponsor Sen. Chris Lauzen|| 1/13/2009||Senate||Session Sine Die|