IL HB1185 | 2023-2024 | 103rd General Assembly

Illinois House Bill 1185

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 17 2023 - 25% progression
Action: 2024-04-19 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Provides that the annual employer contribution shall include an amount sufficient to bring the total assets of the pension fund up to 90% of the total actuarial liabilities of the pension fund by the end of municipal fiscal year 2050 (instead of 2040). Makes a conforming change. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Title

PENCD-DWNST POL&FIRE-FINANCING

History

Date	Chamber	Action
2024-04-19	House	Rule 19(a) / Re-referred to Rules Committee
2024-04-17	House	Held on Calendar Order of Second Reading - Short Debate
2024-04-17	House	Second Reading - Short Debate
2024-03-22	House	Placed on Calendar 2nd Reading - Short Debate
2024-03-22	House	Do Pass / Short Debate Personnel & Pensions Committee; 007-003-000
2024-01-31	House	Assigned to Personnel & Pensions Committee
2023-11-14	House	Added Co-Sponsor Rep. Laura Faver Dias
2023-01-31	House	Referred to Rules Committee
2023-01-31	House	First Reading
2023-01-17	House	Filed with the Clerk by Rep. Dave Vella

Code Citations

Chapter	Article	Section	Citation Type	Statute Text
30	805	8.47	New Code	See Bill Text
40	5	3-125	Amended Code	Citation Text
40	5	4-118	Amended Code	Citation Text

Illinois State Sources

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1185&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB1185.htm