IL SB3454 | 2015-2016 | 99th General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on November 29 2016 - 25% progression, died in committee
Action: 2016-11-29 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on November 29 2016 - 25% progression, died in committee
Action: 2016-11-29 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Beginning in fiscal year 2021, sets a separate Comptroller intercept schedule for payments of State funds to pension funds that have assets in trust that exceed 5 years of current liabilities. Effective immediately.
Title
PEN CD-COMPTROLLER INTERCEPT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-11-29 | Senate | Referred to Assignments |
| 2016-11-29 | Senate | First Reading |
| 2016-11-29 | Senate | Filed with Secretary by Sen. Michael E. Hastings |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 40 | 5 | 3-125 | Amended Code | Citation Text |
| 40 | 5 | 4-118 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3454&GAID=13&DocTypeID=SB&SessionID=88&GA=99 |
| Text | https://www.ilga.gov/legislation/99/SB/09900SB3454.htm |
