IL SB2338 | 2019-2020 | 101st General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Downstate Teacher Article of the Illinois Pension Code. Provides that beginning in school year 2021 and each year thereafter, the System shall calculate the projected amount of the increase in the employer normal cost of benefits, expressed as a percentage of salary and reflecting separate amounts for Tier 1 and Tier 2 benefits, resulting from any increase in salary over the preceding school year, expressed as a percentage of salary. Provides that except for a teacher who first becomes a teacher on or after the implementation date of certain benefits and except for salary increases paid to a teacher under a contract or collective bargaining agreement entered into, amended, or renewed before July 1, 2021, if the amount of a teacher's salary for any school year beginning on or after July 1, 2021 exceeds the teacher's annual full-time salary rate with the same employer for the previous school year, then the teacher's employer shall pay to the System the projected amount of the increase in the employer normal cost of benefits, as determined by the System and reflecting whether the teacher will receive Tier 1 or Tier 2 benefits, resulting from the increase in the teacher's salary over the previous school year. Excludes earning increases paid to members who first become members on or after the implementation date of certain benefits. Defines "Tier 1 benefits" and "Tier 2 benefits". Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Tracking Information

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Title

PENCD-TRS-EMPLOYR CONTRIBUTION

Sponsors


History

DateChamberAction
2021-01-13SenateSession Sine Die
2020-01-08SenateReferred to Assignments
2020-01-08SenateFirst Reading
2020-01-08SenateFiled with Secretary by Sen. Dan McConchie

Code Citations

ChapterArticleSectionCitation TypeStatute Text
308058.43New CodeSee Bill Text
40516-106.4aNew CodeSee Bill Text
40516-106.4bNew CodeSee Bill Text
40516-158Amended CodeCitation Text

Illinois State Sources


Bill Comments

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