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HB 6258

  • Illinois House Bill
  • 97th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Pen Cd-Pension Reform

Abstract

Amends the General Provisions, General Assembly, State Employee, State Universities, and Downstate Teacher Articles of the Illinois Pension Code. In the General Provisions Article, creates a cash balance plan for new hires of the State Universities and Teachers' Retirement Systems and for certain Tier II participants. Increases the retirement age for certain Tier I members and participants. Changes the conditions of eligibility for, and the amount of, automatic annual increases for Tier I retirees. Increases required employee contributions for Tier I members and participants. Limits pensionable salary for Tier I participants. Changes the required State contribution to each of the affected retirement systems so that those systems are 100% funded by 2043. Guarantees certain funding levels. In the State Universities and Downstate Teacher Articles, shifts costs to local employers. Makes other changes. Amends the State Finance Act. To the list of standardized items of appropriation, adds "State retirement contribution for annual normal cost" and "State retirement contribution for unfunded accrued liability". Defines those terms. Amends the Governor's Office of Management and Budget Act. Adds those terms to a list of classifications to be used in statements and estimates of expenditures submitted to the Office in connection with the preparation of a State budget. Amends the State Mandates Act to require implementation without reimbursement. Includes an inseverability provision. Makes other changes. Effective immediately.

Bill Sponsors (1)

Elaine Nekritz

  • Democratic
Primary

Votes


No votes to display

Actions


Jan 08, 2013

House

Session Sine Die

Jan 04, 2013

House

Fiscal Note Filed

House

State Debt Impact Note Filed

House

Pension Note Filed

Jan 03, 2013

House

Balanced Budget Note Filed

Dec 18, 2012

House

Added Co-Sponsor Rep. Eddie Winters

Dec 11, 2012

House

Fiscal Note Requested by Rep. André M. Thapedi

House

State Debt Impact Note Requested by Rep. André M. Thapedi

House

Pension Note Requested by Rep. André M. Thapedi

House

Balanced Budget Note Requested by Rep. André M. Thapedi

Dec 05, 2012

House

Added Co-Sponsor Rep. William Davis

House

Added Co-Sponsor Rep. Sara Feigenholtz

House

Added Co-Sponsor Rep. Jehan A. Gordon

House

Added Co-Sponsor Rep. Greg Harris

House

Added Co-Sponsor Rep. Elizabeth Hernandez

House

Added Co-Sponsor Rep. Charles W. Krezwick

House

Added Co-Sponsor Rep. Karen May

House

Filed with the Clerk by Rep. Elaine Nekritz

House

Added Co-Sponsor Rep. Cynthia Soto

House

Added Co-Sponsor Rep. Michael J. Zalewski

House

Added Co-Sponsor Rep. Cory Foster

House

First Reading

House

Referred to Rules Committee

House

Removed Co-Sponsor Rep. Jehan A. Gordon

House

Added Co-Sponsor Rep. Deborah Mell

House

Added Chief Co-Sponsor Rep. Daniel Biss

House

Added Chief Co-Sponsor Rep. David Harris

House

Added Chief Co-Sponsor Rep. Chris Nybo

House

Added Co-Sponsor Rep. Kelly Burke

House

Added Co-Sponsor Rep. Kelly M. Cassidy

House

Added Co-Sponsor Rep. William Cunningham

House

Added Co-Sponsor Rep. Robyn Gabel

House

Added Co-Sponsor Rep. Ann Williams

House

Added Co-Sponsor Rep. Linda Chapa LaVia

Bill Text

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Sources

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