IL HB1246 | 2025-2026 | 104th General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 10 2025 - 25% progression
Action: 2025-02-11 - Assigned to Personnel & Pensions Committee
Pending: House Personnel & Pensions Committee
Hearing: Feb 27 @ 10:00 am in Room 122B
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 10 2025 - 25% progression
Action: 2025-02-11 - Assigned to Personnel & Pensions Committee
Pending: House Personnel & Pensions Committee
Hearing: Feb 27 @ 10:00 am in Room 122B
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Provides that the annual employer contribution shall include an amount sufficient to bring the total assets of the pension fund up to 90% of the total actuarial liabilities of the pension fund by the end of municipal fiscal year 2050 (instead of 2040). Makes a conforming change. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Title
PENCD-DWNST POL&FIRE-FINANCING
Sponsors
| Rep. Dave Vella [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-11 | House | Assigned to Personnel & Pensions Committee |
| 2025-01-28 | House | Referred to Rules Committee |
| 2025-01-28 | House | First Reading |
| 2025-01-10 | House | Filed with the Clerk by Rep. Dave Vella |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 30 | 805 | 8.49 | New Code | See Bill Text |
| 40 | 5 | 3-125 | Amended Code | Citation Text |
| 40 | 5 | 4-118 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1246&GAID=18&DocTypeID=HB&SessionID=114&GA=104 |
| Text | https://www.ilga.gov/legislation/104/HB/10400HB1246.htm |
