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IL SB0729
Bill
Status
Failed
1/9/2019
Primary Sponsor
Kimberly Lightford
Click for details
AI Summary
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Beginning in State fiscal year 2018, Illinois shall make annual contributions to the Chicago Public School Teachers' Pension and Retirement Fund.
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For State fiscal year 2018, the contribution is set at $456,500,000.
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For each year after 2018, the Board of Trustees shall certify the required State contribution to the Governor by January 15th, calculated as 10% of the contribution certified for the downstate teachers retirement system (Article 16).
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The Act takes effect immediately upon becoming law.
Legislative Description
PENS CD-CHI TEACHERS-REVENUE
Last Action
Session Sine Die
1/9/2019
Committee Referrals
Assignments5/5/2017
Governmental Operations3/1/2017
Executive2/8/2017
Assignments1/30/2017
Full Bill Text
No bill text available