IL SB2195 | 2017-2018 | 100th General Assembly

Status

Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on April 27 2017 - 25% progression
Action: 2017-10-10 - Chief Sponsor Changed to Sen. William E. Brady
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Pension Code. Provides optional separate benefits for persons who, on or after 6 months after the effective date, first become participants or members under the State Universities or Downstate Teachers Article or a noncovered participant under the State Employee Article. Contains provisions concerning retirement conditions, the amount of the retirement annuity, the amount of the annual increases to the retirement annuity, the calculation of salary, and the amount of certain survivor benefits. Sets forth the amount of employee and employer contributions. Requires those retirement systems to establish a defined contribution plan for certain members. In the Chicago Teachers Article, establishes similar benefits if the governing body of the unit of local government adopts those benefits by resolution or ordinance. In the State Employee, State Universities, and Downstate Teachers Articles, requires those Systems to offer certain inactive members the opportunity to elect to receive an accelerated pension benefit payment equal to 70% of the net present value of their pension benefits in lieu of receiving any pension benefit. In the State Employee, State Universities, and Downstate Teachers Articles, makes funding changes. In the State Universities and Downstate Teachers Articles, shifts certain costs to the local employer. Makes other changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Tracking Information

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Title

PEN CD-VARIOUS

Sponsors


History

DateChamberAction
2017-10-10SenateChief Sponsor Changed to Sen. William E. Brady
2017-08-04SenateRule 3-9(a) / Re-referred to Assignments
2017-05-19SenateTo Subcommittee on Special Issues (LA)
2017-05-16SenateAssigned to Licensed Activities and Pensions
2017-05-16SenateRule 2-10 Committee Deadline Established As May 31, 2017
2017-05-12SenateRule 3-9(a) / Re-referred to Assignments
2017-05-11SenateTo Subcommittee on Special Issues (LA)
2017-05-10SenateAdded as Co-Sponsor Sen. William E. Brady
2017-05-09SenateAdded as Chief Co-Sponsor Sen. Tom Rooney
2017-05-03SenateAdded as Chief Co-Sponsor Sen. Kyle McCarter
2017-05-02SenateAssigned to Licensed Activities and Pensions
2017-05-02SenateRule 2-10 Committee Deadline Established As May 12, 2017
2017-04-27SenateReferred to Assignments
2017-04-27SenateFirst Reading
2017-04-27SenateFiled with Secretary by Sen. Christine Radogno

Code Citations

ChapterArticleSectionCitation TypeStatute Text
308058.41New CodeSee Bill Text
4051-160Amended CodeCitation Text
4051-161New CodeSee Bill Text
4051-162New CodeSee Bill Text
40514-103.41New CodeSee Bill Text
40514-131Amended CodeCitation Text
40514-135.08Amended CodeCitation Text
40514-147.5New CodeSee Bill Text
40514-152.1Amended CodeCitation Text
40514-155Repealed CodeCitation Text
40514-155.1New CodeSee Bill Text
40514-155.2New CodeSee Bill Text
40514-156Repealed CodeCitation Text
40514-156.1New CodeSee Bill Text
40515-108.1Amended CodeCitation Text
40515-108.2Amended CodeCitation Text
40515-155Amended CodeCitation Text
40515-165Amended CodeCitation Text
40515-185.5New CodeSee Bill Text
40515-198Amended CodeCitation Text
40515-200Repealed CodeCitation Text
40515-200.1New CodeSee Bill Text
40515-201Repealed CodeCitation Text
40515-201.1New CodeSee Bill Text
40516-107.1New CodeSee Bill Text
40516-158Amended CodeCitation Text
40516-190.5New CodeSee Bill Text
40516-203Amended CodeCitation Text
40516-205Repealed CodeCitation Text
40516-205.1New CodeSee Bill Text
40516-206Repealed CodeCitation Text
40516-206.1New CodeSee Bill Text
40517-106.05New CodeSee Bill Text
40517-129Amended CodeCitation Text
40520-121Amended CodeCitation Text
40520-123Amended CodeCitation Text
40520-124Amended CodeCitation Text
40520-125Amended CodeCitation Text
537510Amended CodeCitation Text
53753Amended CodeCitation Text

Illinois State Sources


Bill Comments

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