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IL HB4576
Bill
Status
Introduced
1/23/2026
Primary Sponsor
Janet Yang Rohr
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AI Summary
- Amends the Chicago Teacher Article of the Illinois Pension Code to establish record retention requirements for charter schools and contract schools
- Requires charter schools and contract schools to retain all payroll records and contribution information for a minimum of 5 years after creation
- Supports the Chicago Teachers' Pension Fund Board's existing authority to conduct payroll audits by ensuring records are available for review
- Takes effect immediately upon becoming law
Legislative Description
PEN CD-CTPF-RECORD RETENTION
Last Action
Placed on Calendar 2nd Reading - Short Debate
2/26/2026
Committee Referrals
Personnel & Pensions2/17/2026
Rules2/3/2026
Full Bill Text
No bill text available