House panel approves early teacher retirement bill
The House Pensions Committee backed a measure to allow teachers to retire at 55 with full pensions via a one time contribution to the Downstate Teachers Retirement System. Districts would also contribute. Employer and employee shares vary by retirement age 55 to 60. Critics warn of increased liabilities and penalties shifting costs to districts.
MENTIONED IN THIS ARTICLE
House Pensions Committee
Downstate
Sandor Goldstein
Pension Laws Commission
Roy Baker
Baker
Larry Stuffle
Charleston
William McGlone
Illinois Civic Federation
Taxpayer alerts on IRS requests eyed in Springfield
Legislative highlights show a bill to require the State Department of Revenue to notify taxpayers when the IRS seeks information on their returns, limited only to those who opt in. Final House approval was 1206, sending the measure to the governor after Senate passage.
MENTIONED IN THIS ARTICLE
Springfield
General Assembly
State Department of Revenue
Internal Revenue Service
House
Senate
Senate Judiciary Committee
Harold Washington
Chicago
Lawmakers OK more benefits for pension formality
Lawmakers backed a House Pensions Committee bill to raise legislator pension benefits from 2 to 3 percent annually for retirees. An amendment to raise member contributions by 0.5 percent to offset costs passed on voice vote. Full funding would require a 3 percent increase in contributions. current rate is 10 percent.
MENTIONED IN THIS ARTICLE
Lindsay-Schaub
Springfield
James McCourt
Evanston
McCourt
House Pensions Committee
Senate
Robert Terzich
Chicago
Also Mentioned on This Page
Lindsay-Schaub News
Illinois Senate Judiciary Committee
House Revenue Committee
House Committee
Environment Committee
Human Resources Committee
Illinois
Richard Daley
Daley
State Department of Public Health
House Environment Committee
Cinema 4
Prantash
John
Olivia A
Rodgers
Jon Voight the Champ
SAT & Sun
SUN
SAT
William Peter Blatty
Anna Cars
Marion Arive
Caner
Eer
Walt Disney
Southern Illinois Fish Farm
Ware
Rt. 146
Deli
E. Main
Marion
Sale Men’‘S
Coats Reg
Haggar
Jaymar
Arrow
van Heusen
Mansingwear
America
Kohlsdorf’s
Sale Osh-Kosh
Dhlsdorf
Zeigler, IL
Poe
Rts
North Murphysboro
Sara Sasse
Carbondale
Janett Egbert Campbell Hill
Cathy Marie Yeager
Debbie Syler
Billie Benz
Herrin
Emma J
Crystal Johnson
Elkville
Jeante Borger
Kim Morefield
Murphysboro
AMC
U.S
Gene Crawshaw
Jim Pearl, Inc
Peter Falk
Alan
Arkin
John Morris
Alan Arkin
Andrew Bergman
Arthur Hiller
William Sackheim
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