92nd General Assembly
Summary of HB2210
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House Sponsors:

Short description: 
PEN CD-CHGO TCHR-RETMT-10 YRS                                              

Synopsis of Bill as introduced:
        Amends the Chicago Teacher Article of the Illinois Pension Code.       
   Provides that a teacher may receive a retirement pension at age 60          
   with 10 years of service. Amends the State Mandates Act to require          
   implementation without reimbursement.  Effective immediately.               
          PENSION NOTE (Pension Laws Commission)                               
          Based on the 1999 actuarial valuation, HB 2210 would increase        
          the accrued liability of the Fund by $26.3 million. The              
          corresponding increase in total annual cost would be $4.1            
          million, or 0.27% of payroll.                                        
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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