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IL SB2861
Bill
Status
Introduced
1/16/2026
Primary Sponsor
Sara Feigenholtz
Click for details
AI Summary
- Charter schools and contract schools participating in the Chicago Teachers' Pension Fund must retain all payroll records and contribution information for a minimum of 5 years after creation.
- Amends Section 17-132 of the Illinois Pension Code's Chicago Teacher Article.
- The new retention requirement supports the Board's existing authority to conduct payroll audits to identify contribution delinquencies.
- Takes effect immediately upon becoming law.
Legislative Description
PEN CD-CTPF-RECORD RETENTION
Last Action
Placed on Calendar Order of 2nd Reading March 12, 2026
3/11/2026
Committee Referrals
Pensions2/3/2026
Assignments1/16/2026
Full Bill Text
No bill text available