IL HB6157 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Chicago Municipal, Chicago Laborers, Chicago Park District, and Chicago Teachers Articles of the Illinois Pension Code. In every affected Article, except the Chicago Teachers Article, establishes a minimum contribution that must be paid to the affected Funds by employers during each fiscal year beginning in fiscal year 2013. In the Chicago Teachers Article, changes the required minimum contribution so that the Fund is 90% funded by 2046 (rather than 2060). In the Chicago Municipal and Chicago Laborers Articles, requires the amounts that must be paid for annuities, benefits, and administrative expenses to be paid by the city (rather than by the city from the prescribed tax levy). Amends the State Mandates Act to require implementation without reimbursement. Effective July 1, 2012.

Tracking Information

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Title

PEN CD-EMPLOYER CONTRIBUTIONS

Sponsors


History

DateChamberAction
2013-01-08HouseSession Sine Die
2012-04-24HouseReferred to Rules Committee
2012-04-24HouseFirst Reading
2012-04-20HouseFiled with the Clerk by Rep. Darlene J. Senger

Code Citations

ChapterArticleSectionCitation TypeStatute Text
308058.36New CodeSee Bill Text
40511-179.1New CodeSee Bill Text
40511-180Amended CodeCitation Text
40512-155.2New CodeSee Bill Text
40517-129Amended CodeCitation Text
4058-174.2New CodeSee Bill Text
4058-191Amended CodeCitation Text

Illinois State Sources


Bill Comments

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