Bill Amendment: IL HB2502 | 2015-2016 | 99th General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

---

Bill Title: PENCD-CHGO TCHR-CHARTER-SERVIC

Status: 2015-07-29 - Public Act . . . . . . . . . 99-0176 [HB2502 Detail]

Download: Illinois-2015-HB2502-Senate_Amendment_001.html

---

Sen. Martin A. Sandoval

Filed: 5/12/2015

09900HB2502sam001 LRB099 07451 RPS 35469 a
AMENDMENT TO HOUSE BILL 2502
AMENDMENT NO. ______. Amend House Bill 2502 as follows:
on page 1, by replacing line 5 with the following: "Sections
17-114, 17-132, and 17-149 and by adding Section 142.2 as
follows:"; and
on page 4, immediately below line 21, by inserting the
following:
"(40 ILCS 5/17-142.2 new)
Sec. 17-142.2. To convene and provide support for a Health
Insurance Task Force.
(a) There is hereby created the Chicago Teachers' Pension
Fund Health Insurance Task Force. The Task Force shall consist
of 11 members appointed as follows:
(1) Eight members, 2 of whom shall be appointed by each
of the 4 legislative leaders.

09900HB2502sam001 - 2 - LRB099 07451 RPS 35469 a
(2) One member, who shall be appointed by the board of
trustees of the Fund.
(3) One member, who shall be appointed by the executive
director of the Retired Teachers Association of Chicago.
(3) One member, who shall be appointed by the president
of the Chicago Teachers Union.
Members of the Task Force shall serve without compensation.
The Fund shall provide a meeting place and clerical support for
the Task Force.
(b) The Task Force shall study and consider the program of
health insurance coverage for pensioners that is currently
administered by the Fund, and shall present its findings and
recommendations concerning the following specified matters:
(1) the need for increasing the $65,000,000 limitation
on annual payments under subsection (3) of Section 17-142.1
of this Code;
(2) moving the administration of the retiree health
plan to another appropriate public or private entity;
(3) suggestions for an exit strategy and transition;
(4) consideration of alternative funding mechanisms;
and
(5) consideration of the proper role of fiduciaries in
administering the health insurance program.
(c) The Task Force shall present a final report of its
findings and recommendations to the Governor, the General
Assembly, and the Mayor of the City of Chicago no later than

09900HB2502sam001 - 3 - LRB099 07451 RPS 35469 a
January 31, 2016.
(d) This Section is repealed on January 31, 2017.".