<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 1450</title>
<shortdesc>PENCD-CTPF-SERVICE CALCULATION</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Robert F. Martwick</sponsors>
</sponsor>
<lastaction>
<statusdate>3/21/2025</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/17-114</reference><aliasreference>from Ch. 108 1/2, par. 17-114</aliasreference><SynopsisText>Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that when computing days of validated service, contributors shall receive the greater of: (1) one day of service credit for each day for which they are paid salary representing a partial or a full day of employment rendered to an employer or the Board of Trustees of the Fund; or (2) 10 days of service credit for each 10-day period of employment in which the contributor worked 50% or more of the regularly scheduled hours (instead of one day of service credit for each day for which they are paid salary representing a partial or a full day of employment rendered to an employer or the Board).</SynopsisText></synopsis>
<actions>
<statusdate>1/31/2025</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Robert F. Martwick</action>
<statusdate>1/31/2025</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/31/2025</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/11/2025</statusdate><chamber>Senate</chamber><action>Assigned to Pensions</action>
<statusdate>3/21/2025</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
</actions>
</xml>
