HOFFMAN-MCCARTHY. 40 ILCS 5/16-127 from Ch. 108 1/2, par. 16-127 40 ILCS 5/16-128 from Ch. 108 1/2, par. 16-128 40 ILCS 5/17-133 from Ch. 108 1/2, par. 17-133 30 ILCS 805/8.25 new Amends the Downstate and Chicago Teacher Articles of the Pension Code. Allows purchase of service credit for up to 3 years of employment by a recognized private school. Requires payment of a contribution plus interest. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact of HB1688 cannot be determined, as the amount of service credit that would be purchased is unknown. According to TRS and CTRS, the required contributions fully fund the actuarial cost of the service credit. FEB-15-2001 H FILED WITH CLERK FEB-15-2001 H FIRST READING FEB-15-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-21-2001 H ASSIGNED TO COMMITTEE PERS PENSION FEB-23-2001 H ADDED AS A JOINT SPONSOR MCCARTHY MAR-01-2001 H PENSION NOTE FILED MAR-01-2001 H COMMITTEE PERS PENSION MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary