IL HB5137 | 2017-2018 | 100th General Assembly

Status

Spectrum: Slight Partisan Bill (Republican 5-2)
Status: Enrolled on May 24 2018 - 75% progression
Action: 2018-06-22 - Sent to the Governor
Text: Latest bill text (Enrolled) [HTML]

Summary

Amends the Downstate Teacher Article of the Illinois Pension Code. Provides that the System shall offer a defined contribution benefit to active members of the System. Provides that the defined contribution benefit shall collect optional employee and optional employer contributions into an account and shall offer investment options to the participant. Provides that the defined contribution benefit shall be operated in full compliance with any applicable State and federal laws, and the System shall utilize generally accepted practices in creating and maintaining the benefit for the best interest of the participants. Authorizes the System to use funds from the employee and employer contributions to defray any and all costs of creating and maintaining the benefit. Requires the System to produce an annual report on the participation in the benefit and to make that report public. Excludes any benefit increase resulting from the change made by the amendatory Act from the definition of "new benefit increase". Effective immediately.

Tracking Information

Register now for our free OneVote public service or GAITS Professional trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

PENCD-TRS-DEFINED CONTRIBUTION

Sponsors


Roll Calls

2018-05-24 - Senate - Third Reading in Senate (Y: 55 N: 0 NV: 4 Abs: 0) [PASS]
2018-04-27 - House - Third Reading in House (Y: 94 N: 0 NV: 2 Abs: 5) [PASS]

History

DateChamberAction
2018-06-22HouseSent to the Governor
2018-05-24HousePassed Both Houses
2018-05-24SenateThird Reading - Passed; 055-000-000
2018-05-24SenateAdded as Alternate Chief Co-Sponsor Sen. Michael Connelly
2018-05-21SenatePlaced on Calendar Order of 3rd Reading May 22, 2018
2018-05-21SenateSecond Reading
2018-05-17SenatePlaced on Calendar Order of 2nd Reading May 18, 2018
2018-05-17SenateDo Pass Licensed Activities and Pensions; 010-000-000
2018-05-16SenateAdded as Alternate Chief Co-Sponsor Sen. Pamela J. Althoff
2018-05-11SenateRule 2-10 Committee Deadline Established As May 31, 2018
2018-05-09SenateAssigned to Licensed Activities and Pensions
2018-05-08SenateReferred to Assignments
2018-05-08SenateFirst Reading
2018-05-08SenateChief Senate Sponsor Sen. Dan McConchie
2018-05-01SenatePlaced on Calendar Order of First Reading May 2, 2018
2018-05-01SenateArrive in Senate
2018-04-27HouseAdded Chief Co-Sponsor Rep. Jaime M. Andrade, Jr.
2018-04-27HouseAdded Chief Co-Sponsor Rep. Mark Batinick
2018-04-27HouseAdded Chief Co-Sponsor Rep. David Harris
2018-04-27HouseThird Reading - Short Debate - Passed 094-000-000
2018-04-27HousePlaced on Calendar Order of 3rd Reading - Short Debate
2018-04-25HouseHeld on Calendar Order of Second Reading - Short Debate
2018-04-25HouseSecond Reading - Short Debate
2018-04-25HousePlaced on Calendar 2nd Reading - Short Debate
2018-04-25HouseDo Pass as Amended / Short Debate Personnel & Pensions Committee; 014-000-000
2018-04-25HouseHouse Committee Amendment No. 1 Adopted in Personnel & Pensions Committee; by Voice Vote
2018-04-19HouseHouse Committee Amendment No. 1 Rules Refers to Personnel & Pensions Committee
2018-04-18HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2018-04-18HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Robert Martwick
2018-04-16HouseFinal Action Deadline Extended-9(b) May 31, 2018
2018-04-16HouseAssigned to Personnel & Pensions Committee
2018-02-16HouseReferred to Rules Committee
2018-02-16HouseFirst Reading
2018-02-15HouseFiled with the Clerk by Rep. Robert Martwick

Code Citations

ChapterArticleSectionCitation TypeStatute Text
40516-203Amended CodeCitation Text
40516-204New CodeSee Bill Text

Illinois State Sources


Bill Comments

feedback