Illinois House Bill 2707 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Pension Code. In the 5 State-funded retirement systems, provides that a change in actuarial assumptions that increases or decreases the required State contribution, including a change in assumed investment returns or mortality rates, that first applies in State fiscal year 2016 or thereafter, shall be implemented in equal annual amounts over a 5-year period beginning in the State fiscal year in which the actuarial change first applies or fiscal year 2018, whichever is later. Requires each board and the State Actuary to recalculate and recertify the amount of the State contribution for State fiscal year 2018, taking into account the changes made by the amendatory Act. Effective immediately.

PEN CD-STATE SYS-FUNDING

Rep. Grant Wehrli [R]

Date	Chamber	Action
2019-01-08	House	Session Sine Die
2017-03-31	House	House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
2017-03-31	House	Rule 19(a) / Re-referred to Rules Committee
2017-03-28	House	Motion to Suspend Rule 21 - Prevailed
2017-03-28	House	Motion Filed to Suspend Rule 21 Executive Committee; Rep. Barbara Flynn Currie
2017-03-27	House	House Committee Amendment No. 1 Rules Refers to Executive Committee
2017-03-23	House	House Committee Amendment No. 1 Referred to Rules Committee
2017-03-23	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Grant Wehrli
2017-02-22	House	Assigned to Executive Committee
2017-02-08	House	Referred to Rules Committee
2017-02-08	House	First Reading
2017-02-08	House	Filed with the Clerk by Rep. Grant Wehrli

Chapter	Article	Section	Citation Type	Statute Text
40	5	14-131	Amended Code	Citation Text
40	5	14-135.08	Amended Code	Citation Text
40	5	15-155	Amended Code	Citation Text
40	5	15-165	Amended Code	Citation Text
40	5	16-158	Amended Code	Citation Text
40	5	18-131	Amended Code	Citation Text
40	5	18-140	Amended Code	Citation Text
40	5	2-124	Amended Code	Citation Text
40	5	2-134	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2707&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB2707.htm
Amendment	https://www.ilga.gov/legislation/100/HB/10000HB2707ham001.htm