IL SB3622 | 2017-2018 | 100th General Assembly

Status

Spectrum: Bipartisan Bill
Status: Introduced on July 25 2018 - 25% progression
Action: 2018-07-31 - Added as Chief Co-Sponsor Sen. Scott M. Bennett
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Downstate Teachers and State Universities Articles of the Illinois Pension Code. Requires an employer to make an additional employer contribution for a participant whose earnings for any academic year used to determine the final rate of earnings exceed the amount of his or her earnings with the same employer for the previous academic year by more than 6% (instead of 3%). Makes conforming changes. Effective immediately.

Tracking Information

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Title

PEN CD-EMPLOYER CONTRIBUTIONS

Sponsors


History

DateChamberAction
2018-07-31SenateAdded as Chief Co-Sponsor Sen. Scott M. Bennett
2018-07-27SenateAdded as Co-Sponsor Sen. Terry Link
2018-07-25SenateAdded as Chief Co-Sponsor Sen. Neil Anderson
2018-07-25SenateReferred to Assignments
2018-07-25SenateFirst Reading
2018-07-25SenateFiled with Secretary by Sen. Dale Fowler

Code Citations

ChapterArticleSectionCitation TypeStatute Text
40515-155Amended CodeCitation Text
40516-158Amended CodeCitation Text

Illinois State Sources


Bill Comments

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