Bill Text: IL HB4914 | 2019-2020 | 101st General Assembly | Introduced

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Bill Title: Amends the Downstate Teacher Article of the Illinois Pension Code. Repeals a provision requiring the System to offer an optional defined contribution benefit to active members of the System. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee [HB4914 Detail]

Download: Illinois-2019-HB4914-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 HB4914 Introduced , by Rep. Sue Scherer SYNOPSIS AS INTRODUCED:
40 ILCS 5/16-204 rep.
Amends the Downstate Teacher Article of the Illinois Pension Code. Repeals a provision requiring the System to offer an optional defined contribution benefit to active members of the System. Effective immediately.
LRB101 15276 RPS 64453 b
FISCAL NOTE ACT MAY APPLY PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
HB4914 LRB101 15276 RPS 64453 b
AN ACT concerning public employee benefits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
(40 ILCS 5/16-204 rep.)
Section 5. The Illinois Pension Code is amended by
repealing Section 16-204.
Section 99. Effective date. This Act takes effect upon
becoming law.