SB 2404

  • Illinois Senate Bill
  • 98th Regular Session
  • Introduced in Senate May 10, 2013
  • Passed Senate May 09, 2013
  • House
  • Governor

Pen Cd-Reform State Systems

Abstract

Amends the Budget Stabilization Act. Provides for transfers from the General Revenue Fund to the Pension Stabilization Fund according to a specified schedule beginning in FY 2016 and continuing until FY 2045 or until the retirement funds have achieved a 100% funding ratio, whichever is earlier. Amends the General Assembly, State Employee, State Universities and Downstate Teacher Articles of the Illinois Pension Code. Changes the manner in which the annual required State contribution is calculated so that the affected systems are 100% funded by 2045. Provides that employee contributions to the retirement systems are increased an additional 1% on July 1, 2013 and 2% on July 1, 2014. Provides that the State is contractually obligated to each retirement plan participant and retiree to provide funding to the retirement systems according to the specified amortization schedule beginning in FY 2016 and continuing until FY 2045 or until the retirement funds have achieved a 100% funding ratio, whichever is earlier, in addition to the annual required State contribution certified by the Board for each fiscal year. Provides that each retirement system has the right to bring a mandamus action against the State to compel the State to make any installment of the annual required State contribution certified by the Board and the transfers required under the Budget Stabilization Act. Further provides that if a retirement system fails to bring a mandamus action against the State to compel the State to make any required installment, then any participant or retiree may bring such a mandamus action. Effective July 1, 2013.

Bill Sponsors (14)

Votes


Actions


Jan 13, 2015

Senate

Session Sine Die

Oct 08, 2013

House

Added Alternate Co-Sponsor Rep. Christian L. Mitchell

Aug 09, 2013

House

Rule 19(b) / Re-referred to Rules Committee

House

House Committee Amendment No. 1 Rule 19(b) / Re-referred to Rules Committee

Jul 24, 2013

House

Alternate Co-Sponsor Removed Rep. Raymond Poe

Jun 18, 2013

House

Alternate Co-Sponsor Removed Rep. Al Riley

Jun 17, 2013

House

Alternate Co-Sponsor Removed Rep. Lawrence M. Walsh, Jr.

House

Alternate Co-Sponsor Removed Rep. Elgie R. Sims, Jr.

Jun 14, 2013

House

Alternate Chief Co-Sponsor Removed Rep. Mike Smiddy

House

Alternate Co-Sponsor Removed Rep. Emanuel Chris Welch

Jun 13, 2013

House

Alternate Co-Sponsor Removed Rep. Chad Hays

Jun 12, 2013

House

Final Action Deadline Extended-9(b) June 30, 2013

House

House Committee Amendment No. 1 Rules Refers to Personnel and Pensions Committee

House

House Committee Amendment No. 1 Referred to Rules Committee

House

House Committee Amendment No. 1 Filed with Clerk by Rep. Michael J. Madigan

House

Assigned to Personnel and Pensions Committee

House

Added Alternate Co-Sponsor Rep. Sam Yingling

May 31, 2013

House

Added Alternate Co-Sponsor Rep. Carol A. Sente

May 29, 2013

House

Added Alternate Co-Sponsor Rep. Chad Hays

May 21, 2013

House

Added Alternate Co-Sponsor Rep. Raymond Poe

House

Added Alternate Co-Sponsor Rep. Robert F. Martwick

House

Added Alternate Co-Sponsor Rep. Lawrence M. Walsh, Jr.

House

Added Alternate Co-Sponsor Rep. Robyn Gabel

May 20, 2013

House

Added Alternate Co-Sponsor Rep. Camille Y. Lilly

May 17, 2013

House

Added Alternate Co-Sponsor Rep. Frances Ann Hurley

May 16, 2013

House

Added Alternate Co-Sponsor Rep. Kelly Burke

May 15, 2013

House

Added Alternate Co-Sponsor Rep. Maria Antonia Berrios

May 14, 2013

House

Added Alternate Co-Sponsor Rep. Rita Mayfield

May 13, 2013

House

Added Alternate Co-Sponsor Rep. Al Riley

House

Added Alternate Co-Sponsor Rep. Elgie R. Sims, Jr.

House

Added Alternate Co-Sponsor Rep. Emanuel Chris Welch

May 10, 2013

House

Added Alternate Co-Sponsor Rep. Ann Williams

House

Arrived in House

House

Chief House Sponsor Rep. Jay Hoffman

House

Added Alternate Co-Sponsor Rep. Kelly M. Cassidy

House

Referred to Rules Committee

House

First Reading

House

Added Alternate Co-Sponsor Rep. Jehan A. Gordon-Booth

House

Added Alternate Chief Co-Sponsor Rep. Mike Smiddy

House

Added Alternate Chief Co-Sponsor Rep. Patrick J. Verschoore

House

Added Alternate Chief Co-Sponsor Rep. Linda Chapa LaVia

House

Added Alternate Chief Co-Sponsor Rep. Jack D. Franks

May 09, 2013

Senate

Third Reading - Passed; 040-016-000

Senate

Senate Floor Amendment No. 2 Recommend Do Adopt Executive; 010-005-000

Senate

Senate Floor Amendment No. 3 Filed with Secretary by Sen. Dale A. Righter

Senate

Senate Floor Amendment No. 3 Referred to Assignments

Senate

Senate Floor Amendment No. 4 Filed with Secretary by Sen. John J. Cullerton

Senate

Senate Floor Amendment No. 4 Referred to Assignments

Senate

Senate Floor Amendment No. 5 Filed with Secretary by Sen. John J. Cullerton

Senate

Senate Floor Amendment No. 5 Referred to Assignments

Senate

Senate Floor Amendment No. 4 Be Approved for Consideration Assignments

Senate

Senate Floor Amendment No. 5 Be Approved for Consideration Assignments

Senate

Recalled to Second Reading

Senate

Senate Floor Amendment No. 2 Adopted; J. Cullerton

Senate

Senate Floor Amendment No. 4 Adopted; J. Cullerton

Senate

Senate Floor Amendment No. 5 Adopted; J. Cullerton

Senate

Placed on Calendar Order of 3rd Reading

Senate

Sponsor Removed Sen. Tim Bivins

Senate

Added as Co-Sponsor Sen. Jacqueline Y. Collins

Senate

Added as Co-Sponsor Sen. Mattie Hunter

Senate

Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)

Senate

Senate Floor Amendment No. 3 Tabled Pursuant to Rule 5-4(a)

May 08, 2013

Senate

Senate Floor Amendment No. 2 Filed with Secretary by Sen. John J. Cullerton

Senate

Senate Floor Amendment No. 2 Assignments Refers to Executive

Senate

Sponsor Removed Sen. William E. Brady

Senate

Senate Floor Amendment No. 2 Referred to Assignments

May 07, 2013

Senate

Added as Co-Sponsor Sen. William R. Haine

May 06, 2013

Senate

Placed on Calendar Order of 3rd Reading May 7, 2013

Senate

Second Reading

Senate

Placed on Calendar Order of 2nd Reading

Senate

Re-referred to Assignments

Senate

Approved for Consideration Assignments

Senate

Added as Co-Sponsor Sen. Melinda Bush

Senate

Sponsor Removed Sen. Melinda Bush

Senate

Added as Chief Co-Sponsor Sen. Linda Holmes

Senate

Chief Sponsor Changed to Sen. John J. Cullerton

May 02, 2013

Senate

Rule 2-10 Third Reading Deadline Established As May 31, 2013

Apr 29, 2013

Senate

Rule 2-10 Third Reading Deadline Established As May 3, 2013

Apr 25, 2013

Senate

Postponed - Executive

Senate

Senate Committee Amendment No. 1 Postponed - Executive

Apr 19, 2013

Senate

Rule 2-10 Committee Deadline Established As May 10, 2013

Apr 17, 2013

Senate

Senate Committee Amendment No. 1 Postponed - Executive

Senate

Postponed - Executive

Apr 03, 2013

Senate

Senate Committee Amendment No. 1 Assignments Refers to Executive

Mar 22, 2013

Senate

Rule 2-10 Committee Deadline Established As April 19, 2013

Mar 21, 2013

Senate

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Linda Holmes

Senate

Added as Co-Sponsor Sen. Michael E. Hastings

Senate

Added as Co-Sponsor Sen. Emil Jones, III

Senate

Added as Co-Sponsor Sen. David Koehler

Senate

Senate Committee Amendment No. 1 Referred to Assignments

Mar 20, 2013

Senate

Postponed - Executive

Mar 19, 2013

Senate

Added as Co-Sponsor Sen. John M. Sullivan

Mar 14, 2013

Senate

Reported Back To Executive; 002-001-000

Mar 13, 2013

Senate

Postponed - Executive

Senate

Added as Co-Sponsor Sen. Andy Manar

Mar 12, 2013

Senate

Added as Co-Sponsor Sen. William E. Brady

Mar 07, 2013

Senate

Added as Co-Sponsor Sen. Iris Y. Martinez

Mar 06, 2013

Senate

To Subcommittee on Special Issues (EX)

Senate

Assigned to Executive

Senate

Added as Co-Sponsor Sen. Tim Bivins

Senate

Added as Co-Sponsor Sen. Julie A. Morrison

Mar 05, 2013

Senate

Added as Co-Sponsor Sen. Jennifer Bertino-Tarrant

Mar 01, 2013

Senate

Added as Co-Sponsor Sen. Bill Cunningham

Senate

Added as Co-Sponsor Sen. Pat McGuire

Senate

Added as Co-Sponsor Sen. Michael W. Frerichs

Feb 28, 2013

Senate

Added as Co-Sponsor Sen. John G. Mulroe

Senate

Added as Co-Sponsor Sen. Thomas Cullerton

Senate

Added as Co-Sponsor Sen. Dan Kotowski

Feb 27, 2013

Senate

Added as Chief Co-Sponsor Sen. Kimberly A. Lightford

Senate

Added as Co-Sponsor Sen. Wm. Sam McCann

Senate

Added as Co-Sponsor Sen. Mike Jacobs

Senate

Added as Chief Co-Sponsor Sen. Toi W. Hutchinson

Feb 21, 2013

Senate

Added as Chief Co-Sponsor Sen. Melinda Bush

Feb 15, 2013

Senate

Filed with Secretary by Sen. Linda Holmes

Senate

First Reading

Senate

Referred to Assignments

Senate

Added as Chief Co-Sponsor Sen. Pamela J. Althoff

Bill Text

Bill Text Versions Format
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Related Documents

Document Format
House Amendment 001
Senate Amendment 005
Senate Amendment 004
Senate Amendment 003
Senate Amendment 002
Senate Amendment 001

Sources

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