Illinois House Bill 4256 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on July 28 2015 - 25% progression, died in committee
Action: 2015-07-29 - Added Chief Co-Sponsor Rep. Ron Sandack
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the State Universities Article of the Illinois Pension Code. Provides that for an employee who becomes a participant on or after the effective date of the amendatory Act, "basic compensation" does not include (1) the value of maintenance, board, living quarters, personal laundry, or other allowances furnished in lieu of salary which are considered gross income under the Internal Revenue Code; (2) certain employee contributions to the System; (3) certain employer contributions to a custodial account; and (4) fringe benefits that an employee elects to receive, in lieu of cash salary or wages, that are not taxable under the Internal Revenue Code. Effective immediately.

PEN CD-SURS-BASIC COMPENSATION

Rep. Jeanne Ives [R]

Rep. Ronald Sandack [R]

Date	Chamber	Action
2015-07-29	House	Added Chief Co-Sponsor Rep. Ron Sandack
2015-07-28	House	Referred to Rules Committee
2015-07-28	House	First Reading
2015-07-28	House	Filed with the Clerk by Rep. Jeanne M Ives

Chapter	Article	Section	Citation Type	Statute Text
40	5	15-110	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4256&GAID=13&DocTypeID=HB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/HB/09900HB4256.htm