Illinois House Bill 4055 (Prior Session Legislation)

---

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. Restricts participation in the General Assembly Retirement System to persons who became participants before the effective date. Provides separate benefits for persons who, on or after 6 months after the effective date, first become participants or members under Article 15 or 16 or a noncovered participant under Article 14. Requires those retirement systems to establish a defined contribution plan for certain members. For Articles 7, 8, 9, 10, 11, 12, 13, and 17, establishes similar benefits if the governing body of the unit of local government adopts those benefits by resolution or ordinance. Requires the 5 State-funded Retirement Systems to offer certain inactive members the opportunity to elect to receive an accelerated pension benefit payment in lieu of receiving any pension benefit and authorizes the issuance of bonds for those payments. Amends other Acts to make conforming changes. In the 5 State-funded retirement systems and the Chicago Teachers Pension Fund, makes funding changes. In Articles 15 and 16, shifts certain costs to the local employer. Amends the Budget Stabilization Act. Provides for the transfer of certain amounts to the Pension Stabilization Fund. Makes other changes. Effective immediately.

PEN CD-VARIOUS

Rep. Mark Batinick [R]

Date	Chamber	Action
2019-01-08	House	Session Sine Die
2017-05-25	House	Referred to Rules Committee
2017-05-25	House	First Reading
2017-05-25	House	Filed with the Clerk by Rep. Mark Batinick

Chapter	Article	Section	Citation Type	Statute Text
20	3501	801-40	Amended Code	Citation Text
30	105	5.878	New Code	See Bill Text
30	122	20	Amended Code	Citation Text
30	330	11	Amended Code	Citation Text
30	330	12	Amended Code	Citation Text
30	330	13	Amended Code	Citation Text
30	330	2	Amended Code	Citation Text
30	330	2.5	Amended Code	Citation Text
30	330	7.6	New Code	See Bill Text
30	330	9	Amended Code	Citation Text
30	805	8.41	New Code	See Bill Text
40	15	1.9	New Code	See Bill Text
40	5	1-160	Amended Code	Citation Text
40	5	1-161	New Code	See Bill Text
40	5	1-162	New Code	See Bill Text
40	5	14-103.41	New Code	See Bill Text
40	5	14-131	Amended Code	Citation Text
40	5	14-135.08	Amended Code	Citation Text
40	5	14-147.5	New Code	See Bill Text
40	5	14-152.1	Amended Code	Citation Text
40	5	14-155	Repealed Code	Citation Text
40	5	14-155.1	New Code	See Bill Text
40	5	14-155.2	New Code	See Bill Text
40	5	14-156	Repealed Code	Citation Text
40	5	14-156.1	New Code	See Bill Text
40	5	15-108.1	Amended Code	Citation Text
40	5	15-108.2	Amended Code	Citation Text
40	5	15-155	Amended Code	Citation Text
40	5	15-165	Amended Code	Citation Text
40	5	15-185.5	New Code	See Bill Text
40	5	15-198	Amended Code	Citation Text
40	5	15-200	Repealed Code	Citation Text
40	5	15-200.1	New Code	See Bill Text
40	5	15-201	Repealed Code	Citation Text
40	5	15-201.1	New Code	See Bill Text
40	5	16-107.1	New Code	See Bill Text
40	5	16-158	Amended Code	Citation Text
40	5	16-190.5	New Code	See Bill Text
40	5	16-203	Amended Code	Citation Text
40	5	16-205	Repealed Code	Citation Text
40	5	16-205.1	New Code	See Bill Text
40	5	16-206	Repealed Code	Citation Text
40	5	16-206.1	New Code	See Bill Text
40	5	17-106.05	New Code	See Bill Text
40	5	17-129	Amended Code	Citation Text
40	5	18-131	Amended Code	Citation Text
40	5	18-140	Amended Code	Citation Text
40	5	18-161.5	New Code	See Bill Text
40	5	18-169	Amended Code	Citation Text
40	5	2-101	Amended Code	Citation Text
40	5	2-105	Amended Code	Citation Text
40	5	2-105.3	New Code	See Bill Text
40	5	2-107	Amended Code	Citation Text
40	5	2-124	Amended Code	Citation Text
40	5	2-134	Amended Code	Citation Text
40	5	2-154.5	New Code	See Bill Text
40	5	2-162	Amended Code	Citation Text
40	5	2-165	Repealed Code	Citation Text
40	5	2-165.1	New Code	See Bill Text
40	5	2-166	Repealed Code	Citation Text
40	5	2-166.1	New Code	See Bill Text
40	5	20-121	Amended Code	Citation Text
40	5	20-123	Amended Code	Citation Text
40	5	20-124	Amended Code	Citation Text
40	5	20-125	Amended Code	Citation Text
5	375	10	Amended Code	Citation Text
5	375	3	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4055&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB4055.htm