92nd General Assembly Summary of SB0097    [ Home ]   [ Back ]   [ Legislation ]

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Senate Sponsors:
DILLARD-LAUZEN-CLAYBORNE-LUECHTEFELD-MAHAR, WATSON, HAWKINSON, 
   JONES,W, CRONIN, BOMKE, RADOGNO AND PETERSON.

Short description: 
PENCD-DNST TCHR-PRIVATE SCHOOL                                             

Synopsis of Bill as introduced:
        Amends the Downstate Teacher  Article  of  the  Illinois  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.  Effective immediately.                         
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of SB97 cannot be determined, as the amount        
          of service credit that would be purchased is unknown. According      
          to TRS, the required contributions fully fund the actuarial          
          cost of the service.                                                 
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

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


   END OF INQUIRY 


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