IL HB3475 | 2017-2018 | 100th General Assembly
Status
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]
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]
Summary
Amends the General Assembly, State Employee, State Universities, Downstate Teachers, and Judges Articles of the Illinois Pension Code. Provides that beginning in fiscal year 2019, the discount rate shall be the actual 30-year rolling rate of return experienced by the System. Effective immediately.
Title
PEN CD-STATE SYS-DISCOUNT RATE
Sponsors
| Rep. Peter Breen [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-08 | House | Session Sine Die |
| 2017-03-31 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2017-02-22 | House | Assigned to Personnel & Pensions Committee |
| 2017-02-10 | House | Referred to Rules Committee |
| 2017-02-10 | House | First Reading |
| 2017-02-10 | House | Filed with the Clerk by Rep. Peter Breen |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 40 | 5 | 14-132.5 | New Code | See Bill Text |
| 40 | 5 | 15-156.5 | New Code | See Bill Text |
| 40 | 5 | 16-158.5 | New Code | See Bill Text |
| 40 | 5 | 18-132.5 | New Code | See Bill Text |
| 40 | 5 | 2-125.5 | New Code | See Bill Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3475&GAID=14&DocTypeID=HB&SessionID=91&GA=100 |
| Text | https://www.ilga.gov/legislation/100/HB/10000HB3475.htm |
