From official state and federal legislative records. Informational only, not legal advice.
Signed — now law
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In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
Amends the Downstate Teacher Article of the Illinois Pension Code. In a provision concerning the contribution required to establish service credit for certain service as a teacher or administrator employed by a private school recognized by the Illinois State Board of Education, changes the amount of the interest payment required to establish that service credit from interest at the actuarially assumed rate to regular interest.