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SB 2599 allocates $7,047,506,738 in state funds for teacher retirement system contributions during fiscal year 2025. The bill specifies funding from multiple state accounts - including the General Fund, Common School Fund, and Education Assistance Fund - to cover existing obligations for public school teachers' retirement benefits and health insurance. It directly affects Illinois public school teachers by ensuring state contributions to their retirement systems as required by current pension laws. The funding takes effect July 1, 2025, and does not create new policies or alter benefit calculations.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 25, 2025
Last action Feb 25, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Feb 25, 2025
Committee
Referred to Assignments
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Elgie Sims
DDemocratic
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