IL SB2197 | 2017-2018 | 100th General Assembly

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on April 27 2017 - 25% progression
Action: 2017-04-28 - Added as Chief Co-Sponsor Sen. Dan McConchie
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the State Universities Article of the Illinois Pension Code. Requires the actual employer to contribute an amount equal to the full employer's normal cost of the benefits earned under this System that result from employment by that employer, to be paid to the System on a payroll-by-payroll basis, using the percentage of earnings determined on a system-wide basis and certified by the System to all employers for use in the applicable fiscal year. Requires immediate and annual certification of the applicable percentage rate. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Tracking Information

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Title

PENCD-SURS-EMPLOYER NORMAL CST

Sponsors


History

DateChamberAction
2017-04-28SenateAdded as Chief Co-Sponsor Sen. Dan McConchie
2017-04-27SenateReferred to Assignments
2017-04-27SenateFirst Reading
2017-04-27SenateFiled with Secretary by Sen. Kyle McCarter

Code Citations

ChapterArticleSectionCitation TypeStatute Text
308058.41New CodeSee Bill Text
40515-155Amended CodeCitation Text
40515-165Amended CodeCitation Text

Illinois State Sources


Bill Comments

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