IL SB3624 | 2021-2022 | 102nd General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 19 2022 - 25% progression, died in committee
Action: 2022-01-19 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 19 2022 - 25% progression, died in committee
Action: 2022-01-19 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Pension Code. In the Downstate Police and Downstate Firefighter Articles, provides that the annual employer contribution shall include an amount sufficient to bring the total assets of the pension fund up to 80% (instead of 90%) of the total actuarial liabilities of the pension fund by the end of municipal fiscal year 2040. Amends the State Mandates Act to require implementation without reimbursement.
Title
PENCD-DWNST POL&FIRE-FINANCING
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2022-01-19 | Senate | Referred to Assignments |
| 2022-01-19 | Senate | First Reading |
| 2022-01-19 | Senate | Filed with Secretary by Sen. Donald P. DeWitte |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 30 | 805 | 8.46 | New Code | See Bill 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=3624&GAID=16&DocTypeID=SB&SessionID=110&GA=102 |
| Text | https://www.ilga.gov/legislation/102/SB/10200SB3624.htm |
