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<xml>
<title>Illinois General Assembly - Bill Status for SB 160    </title>
<shortdesc>PENCD-CHGO TCHR-REFUND-AUGMENT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. James A. DeLeo</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2009</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/17-119.1</reference><aliasreference></aliasreference><reference>30 ILCS 805/8.31 new</reference><aliasreference></aliasreference><SynopsisText>Amends the Chicago Teacher Article of the Illinois Pension Code. Eliminates the required contribution for converting past service to the augmented retirement formula, and provides for a refund of such contributions already paid. Also provides for recalculation of the pension and a lump sum payment of the difference between the augmented and unaugmented rates for certain pensioners. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/31/2007</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. James A. DeLeo</action>
<statusdate>1/31/2007</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/31/2007</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>2/7/2007</statusdate><chamber>Senate</chamber><action>Assigned to Pensions and Investments</action>
<statusdate>2/21/2007</statusdate><chamber>Senate</chamber><action>Postponed - Pensions and Investments</action>
<statusdate>3/16/2007</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Rules</action>
<statusdate>1/13/2009</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

