PEN CD-CHIC TCHERS-HEALTH INS House SponsorsRep. William Davis 1/11/2011HouseSession Sine Die 40 ILCS 5/17-142.1from Ch. 108 1/2, par. 17-142.1 Amends the Chicago Teacher Article of the Illinois Pension Code. Limits what the Board may reimburse for the cost of health care insurance coverage to 75% of the cost for recipients of a service retirement, disability retirement, or survivor's pension and removes other provisions limiting the reimbursement. Effective immediately.Pension Note (Government Forecasting & Accountability) The Fund's consulting actuary estimates that HB 4827 will increase the total actuarial liability of the fund by $664 million. The increase in total annual costs is estimated to be $62.2 million, or 3.34% of payroll. According to the CTPF's 2008 annual financial report, the fund's health insurance rebate was disbursed at 70% of covered premiums for FY 2008 and FY 2007. The Fund's consulting actuary certified the total actuarial liability of the CTPF Health Insurance Fund to be $2.4 billion as of June 30, 2008.Fiscal Note (Dept. of Revenue) HB 4827 will have no fiscal impact on State revenues. This note does not address its impact on the pension system. 1/12/2010HouseFiled with the Clerk by Rep. William Davis 1/12/2010HouseFirst Reading 1/12/2010HouseReferred to Rules Committee 2/16/2010HouseAssigned to Personnel and Pensions Committee 2/25/2010HouseDo Pass / Short Debate Personnel and Pensions Committee; 006-003-000 2/25/2010HousePlaced on Calendar 2nd Reading - Short Debate 3/2/2010HouseFiscal Note Requested by Rep. William B. Black 3/2/2010HousePension Note Requested by Rep. William B. Black 3/4/2010HousePension Note Filed 3/9/2010HouseFiscal Note Filed 3/25/2010HouseSecond Reading - Short Debate 3/25/2010HouseHeld on Calendar Order of Second Reading - Short Debate 3/26/2010HouseRule 19(a) / Re-referred to Rules Committee 1/11/2011HouseSession Sine Die