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<xml>
<title>Illinois General Assembly - Bill Status for HB 1544   </title>
<shortdesc>PEN CD-ART 17-APPROPRIATION</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Monique D. Davis-Kevin A. McCarthy-Daniel J. Burke</sponsors>
</sponsor>
<lastaction>
<statusdate>4/11/2011</statusdate><chamber>House</chamber><action>Third Reading - Standard Debate - Lost 038-073-000</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/17-127</reference><aliasreference>from Ch. 108 1/2, par. 17-127</aliasreference><SynopsisText>     Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that, beginning in State fiscal year 2012, the General Assembly must make annual contributions to the Fund of an amount equal to 20% of the amount of the annual State contribution to the Teachers' Retirement System of the State of Illinois. Effective July 1, 2011.</SynopsisText><synopsistitle>Pension Note (Government Forecasting &amp; Accountability)</synopsistitle>
<SynopsisText>The Teachers' Retirement System has certified a FY 2012 contribution of $2.4 billion.  If HB 1544 becomes law, the State would be obligated to make an additional contribution of $481.3 million in FY 2012 to the Chicago Teachers' Pension Fund.</SynopsisText><synopsistitle>Fiscal Note (Illinois Department of Insurance)</synopsistitle>
<SynopsisText>HB 1544 has no projected fiscal impact to the Illinois Department of Insurance. </SynopsisText></synopsis>
<actions>
<statusdate>2/15/2011</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Monique D. Davis</action>
<statusdate>2/15/2011</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/15/2011</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/22/2011</statusdate><chamber>House</chamber><action>Assigned to Personnel and Pensions Committee</action>
<statusdate>3/10/2011</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Kevin A. McCarthy</action>
<statusdate>3/10/2011</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Daniel J. Burke</action>
<statusdate>3/17/2011</statusdate><chamber>House</chamber><action>Do Pass / Standard Debate Personnel and Pensions Committee;  005-004-000</action>
<statusdate>3/17/2011</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Standard Debate</action>
<statusdate>3/29/2011</statusdate><chamber>House</chamber><action>Fiscal Note Requested by Rep. Roger L. Eddy</action>
<statusdate>3/29/2011</statusdate><chamber>House</chamber><action>Pension Note Requested by Rep. Roger L. Eddy</action>
<statusdate>3/29/2011</statusdate><chamber>House</chamber><action>Pension Note Filed</action>
<statusdate>3/30/2011</statusdate><chamber>House</chamber><action>Fiscal Note Filed</action>
<statusdate>4/6/2011</statusdate><chamber>House</chamber><action>Second Reading - Standard Debate</action>
<statusdate>4/6/2011</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Standard Debate</action>
<statusdate>4/11/2011</statusdate><chamber>House</chamber><action>Third Reading - Standard Debate - Lost 038-073-000</action>
</actions>
</xml>

