O'MALLEY. 40 ILCS 5/17-116.2 new 30 ILCS 805/8.25 new Amends the Chicago Teacher Article of the Illinois Pension Code. Provides a recalculation of retirement pension for a person who retired on June 15, 1998 and received a backpay award as a result of a grievance proceeding. Backdates the pension to October 1, 1994, authorizes inclusion of the backpay award, and in addition authorizes the person to receive early retirement incentives (up to 5 years of creditable service and 5 years of age enhancement). Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact of SB 278 has not been determined, but is estimated to be minor, as the number of members who would be eligible to participate in the ERI is expect to be very small. FEB-20-2001 S FIRST READING FEB-20-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-21-2001 S ASSIGNED TO COMMITTEE INS & PENS. MAR-06-2001 S TO SUBCOMMITTEE MAR-12-2001 S PENSION NOTE FILED AS INTRODUCED MAR-12-2001 S COMMITTEE INS & PENS. MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary