Illinois House Bill 2375 (Prior Session Legislation)

---

Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 2)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the State Employees Group Insurance Act of 1971. Provides that, beginning in State fiscal year 2014, a member who is eligible for medicare shall pay the full premium amount for his or her healthcare coverage under the Act. Amends the Illinois Pension Code. For the 5 State-funded retirement systems, incrementally increases employee contributions by a total of 3% of salary, imposes a minimum retirement age of 67 (or 62 with a discounted annuity), changes the funding goal from 90% to 80%, and changes the funding formula (beginning in FY2014, applies a 50-year amortization formula to reach an 80% funding ratio). In the State Universities and Downstate Teacher Articles, shifts costs to local employers. Amends the Illinois Income Tax Act. Makes the current tax rates permanent. In any fiscal year in which the total State contribution to the State-funded retirement systems is less than the proceeds from the income tax increase and the debt service savings from the retirement of the 2010 and 2011 Pension Obligation Notes, grants a refundable income tax credit equal to the difference. Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Requires the Department of Revenue and the State Comptroller to make certain determinations and certifications. Contains an inseverability provision. Effective immediately.

INCOME TAX-PENSION REFORM

Rep. Louis Lang [D]

Rep. Gregory Harris [D]

Date	Chamber	Action
2014-12-03	House	Session Sine Die
2013-03-22	House	Rule 19(a) / Re-referred to Rules Committee
2013-03-06	House	Pension Note Filed
2013-02-25	House	Assigned to Personnel and Pensions Committee
2013-02-20	House	Referred to Rules Committee
2013-02-20	House	First Reading
2013-02-20	House	Added Chief Co-Sponsor Rep. Greg Harris
2013-02-20	House	Filed with the Clerk by Rep. Lou Lang

Chapter	Article	Section	Citation Type	Statute Text
20	2505	2505-427	New Code	See Bill Text
30	805	8.37	New Code	See Bill Text
35	5	201	Amended Code	Citation Text
35	5	224	New Code	See Bill Text
40	5	1-103.3	Amended Code	Citation Text
40	5	14-107	Amended Code	Citation Text
40	5	14-108	Amended Code	Citation Text
40	5	14-110	Amended Code	Citation Text
40	5	14-131	Amended Code	Citation Text
40	5	14-133	Amended Code	Citation Text
40	5	15-135	Amended Code	Citation Text
40	5	15-136	Amended Code	Citation Text
40	5	15-155	Amended Code	Citation Text
40	5	15-155.1	New Code	See Bill Text
40	5	15-157	Amended Code	Citation Text
40	5	15-165	Amended Code	Citation Text
40	5	16-132	Amended Code	Citation Text
40	5	16-133	Amended Code	Citation Text
40	5	16-133.2	Amended Code	Citation Text
40	5	16-152	Amended Code	Citation Text
40	5	16-158	Amended Code	Citation Text
40	5	16-158.1	Amended Code	Citation Text
40	5	18-124	Amended Code	Citation Text
40	5	18-125	Amended Code	Citation Text
40	5	18-131	Amended Code	Citation Text
40	5	18-133	Amended Code	Citation Text
40	5	2-119	Amended Code	Citation Text
40	5	2-119.01	Amended Code	Citation Text
40	5	2-124	Amended Code	Citation Text
40	5	2-126	Amended Code	Citation Text
5	375	6	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2375&GAID=12&DocTypeID=HB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/HB/09800HB2375.htm