Illinois House Bill 3919 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on October 16 2019 - 25% progression, died in committee
Action: 2019-12-12 - Added Chief Co-Sponsor Rep. Blaine Wilhour
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the General Provisions Article of the Illinois Pension Code. Provides that each retirement system under the General Assembly, State Employees, State Universities, Downstate Teachers, and Judges Article shall prepare and implement a Tier 3 plan that aggregates employee and State contributions in individual participant accounts that, after meeting any other requirements, are used for payouts after retirement in accordance with any applicable laws. Provides that beginning January 1, 2021, members or participants of those retirement systems, regardless of whether they became members or participants before January 1, 2021, shall participate in the Tier 3 plan in lieu of any other plan under those Articles. Effective immediately.

PEN CD-TIER 3 PLAN

Rep. Allen Skillicorn [R]

Rep. Blaine Wilhour [R]

Date	Chamber	Action
2019-12-12	House	Added Chief Co-Sponsor Rep. Blaine Wilhour
2019-10-17	House	Referred to Rules Committee
2019-10-17	House	First Reading
2019-10-16	House	Filed with the Clerk by Rep. Allen Skillicorn

Chapter	Article	Section	Citation Type	Statute Text
40	5	1-163	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3919&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB3919.htm