CAPPARELLI-BUGIELSKI-LYONS,JOSEPH-SANTIAGO-LOPEZ, MCAULIFFE, LANG AND SAVIANO. 40 ILCS 5/17-127 from Ch. 108 1/2, par. 17-127 40 ILCS 5/22-1001 from Ch. 108 1/2, par. 22-1001 40 ILCS 5/22-1003 from Ch. 108 1/2, par. 22-1003 Amends the Illinois Pension Code to provide additional State funding for the Chicago Teachers Pension Fund. Increases the annual State contribution to the Fund over a 7 year phase-in period beginning in fiscal year 1999, so that by fiscal year 2006, the annual State contribution is sufficient, with the other revenues available to the Fund, to meet the normal cost and amortize the unfunded liabilities of the Fund over a period of 40 years. Effective immediately. PENSION NOTE HB356 is intended to provide a 40-year amortization of the unfunded liabilities of CTRS. 97-01-29 H FIRST READING 97-01-29 H ADDED AS A JOINT SPONSOR BUGIELSKI 97-01-29 H ADDED AS A CO-SPONSOR LYONS,JOSEPH 97-01-29 H ADDED AS A CO-SPONSOR SANTIAGO 97-01-29 H ADDED AS A CO-SPONSOR LOPEZ 97-01-29 H ADDED AS A CO-SPONSOR BURKE 97-01-29 H ADDED AS A CO-SPONSOR KOTLARZ 97-01-29 H ADDED AS A CO-SPONSOR MCAULIFFE 97-01-29 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-02-05 H ASSIGNED TO COMMITTEE PERS PENSION 97-02-06 H ADDED AS A CO-SPONSOR LANG 97-03-03 H PENSION NOTE FILED 97-03-03 H COMMITTEE PERS PENSION 97-03-07 H ADDED AS A CO-SPONSOR SAVIANO 97-03-21 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary