Bill Text: IL SJRCA0017 | 2011-2012 | 97th General Assembly | Introduced

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Bill Title: Proposes to amend the General Provisions Article of the Illinois Constitution. Provides that a new benefit increase shall not take effect unless, within 60 calendar days after the effective date of the Public Act creating that new benefit increase, the Auditor General certifies (i) that each State-funded pension or retirement system was at least 90% funded as of the date of the annual actuarial valuation occurring immediately before the effective date of the Public Act creating the new benefit increase and that each system has received any required State contributions that came due between the date of that valuation and the effective date of the Public Act creating the new benefit increase or (ii) that enactment of the new benefit increase is required to maintain a State-funded system's qualified plan status. Defines "new benefit increase" and "State-funded pension or retirement system". Effective upon being declared adopted in accordance with Section 7 of the Illinois Constitutional Amendment Act.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [SJRCA0017 Detail]

Download: Illinois-2011-SJRCA0017-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 SENATE JOINT RESOLUTION CONSTITUTIONAL AMENDMENT SC0017 Introduced 2/10/2011, by Sen. Bill Brady SYNOPSIS AS INTRODUCED:
ILCON Art. XIII, Sec. 5
Proposes to amend the General Provisions Article of the Illinois Constitution. Provides that a new benefit increase shall not take effect unless, within 60 calendar days after the effective date of the Public Act creating that new benefit increase, the Auditor General certifies (i) that each State-funded pension or retirement system was at least 90% funded as of the date of the annual actuarial valuation occurring immediately before the effective date of the Public Act creating the new benefit increase and that each system has received any required State contributions that came due between the date of that valuation and the effective date of the Public Act creating the new benefit increase or (ii) that enactment of the new benefit increase is required to maintain a State-funded system's qualified plan status. Defines "new benefit increase" and "State-funded pension or retirement system". Effective upon being declared adopted in accordance with Section 7 of the Illinois Constitutional Amendment Act.
LRB097 06141 JDS 46215 e
SC0017 LRB097 06141 JDS 46215 e
SENATE JOINT RESOLUTION
CONSTITUTIONAL AMENDMENT
RESOLVED, BY THE SENATE OF THE NINETY-SEVENTH GENERAL
ASSEMBLY OF THE STATE OF ILLINOIS, THE HOUSE OF REPRESENTATIVES
CONCURRING HEREIN, that there shall be submitted to the
electors of the State for adoption or rejection at the general
election next occurring at least 6 months after the adoption of
this resolution a proposition to amend Section 5 of Article
XIII of the Illinois Constitution as follows:
(ILCON Art. XIII, Sec. 5)
SECTION 5. PENSION AND RETIREMENT SYSTEMS RIGHTS
(a) Membership in any pension or retirement system of the
State, any unit of local government or school district, or any
agency or instrumentality thereof, shall be an enforceable
contractual relationship, the benefits of which shall not be
diminished or impaired.
(b) A new benefit increase shall not take effect unless,
within 60 calendar days after the effective date of the Public
Act creating that new benefit increase, the Auditor General
certifies (i) that each State-funded pension or retirement
system was at least 90% funded as of the date of the annual
actuarial valuation occurring immediately before the effective
date of the Public Act creating the new benefit increase and
that each system has received any required State contributions

SC0017 - 2 - LRB097 06141 JDS 46215 e
that came due between the date of that valuation and the
effective date of the Public Act creating the new benefit
increase or (ii) that enactment of the new benefit increase is
required to maintain a State-funded system's qualified plan
status.
For the purposes of this subsection (b):
"New benefit increase" means any increase in the amount
of a benefit provided by a State-funded pension or
retirement system, or any expansion in the conditions of
eligibility for such a benefit, that results from enactment
of a Public Act that takes effect after the effective date
of this subsection (b).
"State-funded pension or retirement system" means the
pension and retirement systems created under Articles 2,
14, 15, 16, and 18 of the Illinois Pension Code or any
successors to those systems.
This subsection (b) applies notwithstanding any provision
to the contrary in either subsection (a) of this Section or
Article IV.
(Source: Illinois Constitution.)
SCHEDULE
This Constitutional Amendment takes effect upon being
declared adopted in accordance with Section 7 of the Illinois
Constitutional Amendment Act.