Illinois House Bill 1572 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 30 2019 - 25% progression, died in committee
Action: 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Pension Code. In the Downstate Police and Downstate Firefighter Articles, provides that the annual employer contribution shall include an amount sufficient to bring the total assets of the pension fund up to 80% (instead of 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. In the General Provisions Article, requires the Commission on Government Forecasting and Accountability to conduct a study on the costs and benefits of consolidating all downstate police and downstate firefighter pension funds into a single pension fund and to submit its report on its findings to the General Assembly on or before December 1, 2020. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

PENCD-DWNST POL&FIRE-FINANCING

Rep. Ryan Spain [R]

Date	Chamber	Action
2020-06-23	House	Rule 19(b) / Re-referred to Rules Committee
2020-02-18	House	Assigned to Personnel & Pensions Committee
2019-03-29	House	Rule 19(a) / Re-referred to Rules Committee
2019-02-21	House	To Pension Reform Subcommittee
2019-02-13	House	Assigned to Personnel & Pensions Committee
2019-02-01	House	Referred to Rules Committee
2019-02-01	House	First Reading
2019-01-30	House	Filed with the Clerk by Rep. Ryan Spain

Chapter	Article	Section	Citation Type	Statute Text
30	805	8.43	New Code	See Bill Text
40	5	1-165.5	New Code	See Bill Text
40	5	3-125	Amended Code	Citation Text
40	5	4-118	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1572&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB1572.htm