<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 4514   </title>
<shortdesc>PEN CD-CHI TEACHR-PENSION BASE</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Richard T. Bradley and Kevin A. McCarthy</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2007</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/17-116</reference><aliasreference>from Ch. 108 1/2, par. 17-116</aliasreference><reference>30 ILCS 805/8.30 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that, when computing service retirement pensions, the average salary shall consist of the average annual rate of salary for the 3 (now, 4) consecutive years of validated service within the last 10 years of service when the average annual rate was highest. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/11/2006</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Richard T. Bradley</action>
<statusdate>1/11/2006</statusdate><chamber>House</chamber><action>Co-Sponsor Rep. Kevin A. McCarthy</action>
<statusdate>1/11/2006</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/11/2006</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/9/2007</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

