Bill Text: IL HB0363 | 2017-2018 | 100th General Assembly | Introduced


Bill Title: Amends the General Assembly Article of the Illinois Pension Code. Restricts participation in the General Assembly Retirement System by members of the General Assembly to persons who become participants before January 1, 2019 and provides that, beginning on that date, the System shall not accept any new participants who are members of the General Assembly. Makes related changes. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2017-03-31 - Rule 19(a) / Re-referred to Rules Committee [HB0363 Detail]

Download: Illinois-2017-HB0363-Introduced.html


100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB0363

Introduced , by Rep. Allen Skillicorn

SYNOPSIS AS INTRODUCED:
40 ILCS 5/2-101 from Ch. 108 1/2, par. 2-101
40 ILCS 5/2-105 from Ch. 108 1/2, par. 2-105

Amends the General Assembly Article of the Illinois Pension Code. Restricts participation in the General Assembly Retirement System by members of the General Assembly to persons who become participants before January 1, 2019 and provides that, beginning on that date, the System shall not accept any new participants who are members of the General Assembly. Makes related changes. Effective immediately.
LRB100 04270 RPS 14276 b
FISCAL NOTE ACT MAY APPLY
PENSION IMPACT NOTE ACT MAY APPLY

A BILL FOR

HB0363LRB100 04270 RPS 14276 b
1 AN ACT concerning public employee benefits.
2 Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4 Section 5. The Illinois Pension Code is amended by changing
5Sections 2-101 and 2-105 as follows:
6 (40 ILCS 5/2-101) (from Ch. 108 1/2, par. 2-101)
7 Sec. 2-101. Creation of system. A retirement system is
8created to provide retirement annuities, survivor's annuities
9and other benefits for certain members of the General Assembly,
10certain elected state officials, and their beneficiaries.
11 The system shall be known as the "General Assembly
12Retirement System". All its funds and property shall be a trust
13separate from all other entities, maintained for the purpose of
14securing payment of annuities and benefits under this Article.
15 Participation in the retirement system created under this
16Article by members of the General Assembly is restricted to
17persons who become participants before January 1, 2019.
18Beginning on that date, the System shall not accept any new
19participants who are members of the General Assembly.
20(Source: P.A. 83-1440.)
21 (40 ILCS 5/2-105) (from Ch. 108 1/2, par. 2-105)
22 Sec. 2-105. Member. "Member": Members of the General

HB0363- 2 -LRB100 04270 RPS 14276 b
1Assembly of this State, including persons who enter military
2service while a member of the General Assembly, and any person
3serving as Governor, Lieutenant Governor, Secretary of State,
4Treasurer, Comptroller, or Attorney General for the period of
5service in such office.
6 Any person who has served for 10 or more years as Clerk or
7Assistant Clerk of the House of Representatives, Secretary or
8Assistant Secretary of the Senate, or any combination thereof,
9may elect to become a member of this system while thenceforth
10engaged in such service by filing a written election with the
11board. Any person so electing shall be deemed an active member
12of the General Assembly for the purpose of validating and
13transferring any service credits earned under any of the funds
14and systems established under Articles 3 through 18 of this
15Code.
16 However, notwithstanding any other provision of this
17Article, a member of the General Assembly shall not be deemed a
18member for the purposes of this Article unless he or she became
19a participant of the System before January 1, 2019.
20(Source: P.A. 85-1008.)
21 Section 99. Effective date. This Act takes effect upon
22becoming law.
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