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IL HB3639
Bill
Status
6/30/2011
Primary Sponsor
Michael Madigan
Click for details
AI Summary
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Appropriates $2,405,172,000 from the Common School Fund to the Teachers' Retirement System of the State of Illinois for the State's contribution.
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Appropriates $1,300,000 from the Education Assistance Fund to the Teachers' Retirement System for additional costs related to establishment of minimum retirement allowances under Illinois Pension Code Sections 16-136.2 and 16-136.3.
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Appropriates $10,449,000 from the General Revenue Fund to the Public School Teachers' Pension and Retirement Fund of Chicago for the State's retirement contribution under Illinois Pension Code Section 17-127 for fiscal year beginning July 1, 2011.
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Takes effect July 1, 2011.
Legislative Description
$TRS-TECH
Last Action
Public Act . . . . . . . . . 97-0067
6/30/2011