Illinois House Bill 4585 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 28 2016 - 25% progression, died in committee
Action: 2016-01-28 - Referred to Rules Committee
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]

Date	Chamber	Action
2016-01-28	House	Referred to Rules Committee
2016-01-28	House	First Reading
2016-01-28	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=4585&GAID=13&DocTypeID=HB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/HB/09900HB4585.htm