92nd General Assembly
Summary of HB2665
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Short description: 
PENSIONS-DOWNSTATE TEACHERS                                                

Synopsis of Bill as introduced:
        Amends the Illinois Pension Code.  Makes a technical change in  a      
   Section concerning downstate teachers.                                      
          PENSION NOTE (Pension Laws Commission)                               
          House Bill 2665 has no fiscal impact.                                
        SENATE AMENDMENT NO. 1.                                                
          Deletes reference to:                                                
          40 ILCS 5/16-101                                                     
          Adds reference to:                                                   
          40 ILCS 5/15-135                                                     
          40 ILCS 5/16-127                                                     
          40 ILCS 5/16-136.2                                                   
          30 ILCS 805/8.26 new                                                 
        Deletes everything. Amends the Downstate Teacher Article of the        
   Illinois Pension Code. Increases the amount of unused, uncompensated        
   sick leave for which a teacher may receive service credit upon              
   retirement. Provides for a minimum monthly retirement annuity of $30        
   for each year of service credit up to 30, beginning January 1, 2002.        
   Also amends the State Universities Article to make permanent the            
   provisions allowing retirement at any age with 30 years of service.         
   Amends the State Mandates Act to require implementation without             
   reimbursement. Effective immediately.                                       
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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