IL HB4057 | 2017-2018 | 100th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Pension Code. For the 5 State-funded Retirement Systems: Requires implementation of a Tier 3 plan that aggregates State and employee contributions in individual participant accounts. Provides that a person who becomes a participant on or after July 1, 2018 shall participate in the Tier 3 plan. Authorizes a Tier 1 or Tier 2 participant to elect to participate in the Tier 3 plan. Requires Systems to offer an optional accelerated benefit payment to certain members in lieu of receiving a pension and authorizes the issuance of bonds for those payments. Authorizes a person to elect not to participate or to terminate participation in the Systems. Restricts participation in the General Assembly Retirement System to current participants. In Articles 7, 14, 15, and 16, for new participants, prohibits unused sick or vacation time from being used to calculate pensionable salary or establish service credit. In Articles 15 and 16, requires an employer to pay the projected costs of the increase in pension benefits associated with an increase in salary. In Article 16, prohibits an employer from making employee contributions on behalf of an employee, except as specified. Amends other Acts to prohibit collective bargaining over that prohibition and make conforming changes. Effective immediately.

Tracking Information

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Title

PENCD-STATE SYS-TIER 3

Sponsors


History

DateChamberAction
2019-01-08HouseSession Sine Die
2017-05-29HouseReferred to Rules Committee
2017-05-29HouseFirst Reading
2017-05-26HouseFiled with the Clerk by Rep. Jeanne M Ives

Code Citations

ChapterArticleSectionCitation TypeStatute Text
115510.6New CodeSee Bill Text
115517Amended CodeCitation Text
11554Amended CodeCitation Text
203501801-40Amended CodeCitation Text
301055.878New CodeSee Bill Text
3033011Amended CodeCitation Text
3033012Amended CodeCitation Text
3033013Amended CodeCitation Text
303302Amended CodeCitation Text
303302.5Amended CodeCitation Text
303307.6New CodeSee Bill Text
303309Amended CodeCitation Text
308058.41New CodeSee Bill Text
40151.9New CodeSee Bill Text
4051-160Amended CodeCitation Text
40514-103.05Amended CodeCitation Text
40514-103.10Amended CodeCitation Text
40514-103.41New CodeSee Bill Text
40514-103.42New CodeSee Bill Text
40514-103.43New CodeSee Bill Text
40514-104.3Amended CodeCitation Text
40514-106Amended CodeCitation Text
40514-147.5New CodeSee Bill Text
40514-152.1Amended CodeCitation Text
40514-155Repealed CodeCitation Text
40514-155.5New CodeSee Bill Text
40514-156Repealed CodeCitation Text
40515-108.1Amended CodeCitation Text
40515-108.2Amended CodeCitation Text
40515-108.3New CodeSee Bill Text
40515-112Amended CodeCitation Text
40515-113.4Amended CodeCitation Text
40515-134Amended CodeCitation Text
40515-155Amended CodeCitation Text
40515-185.5New CodeSee Bill Text
40515-198Amended CodeCitation Text
40515-200Repealed CodeCitation Text
40515-200.5New CodeSee Bill Text
40515-201Repealed CodeCitation Text
40516-106.4Repealed CodeCitation Text
40516-106.40New CodeSee Bill Text
40516-106.41New CodeSee Bill Text
40516-106.42New CodeSee Bill Text
40516-123Amended CodeCitation Text
40516-127Amended CodeCitation Text
40516-152.1Amended CodeCitation Text
40516-158Amended CodeCitation Text
40516-190.5New CodeSee Bill Text
40516-203Amended CodeCitation Text
40516-205Repealed CodeCitation Text
40516-205.5New CodeSee Bill Text
40516-206Repealed CodeCitation Text
40518-110.1New CodeSee Bill Text
40518-110.2New CodeSee Bill Text
40518-110.3New CodeSee Bill Text
40518-120Amended CodeCitation Text
40518-121.5New CodeSee Bill Text
40518-124Amended CodeCitation Text
40518-125Amended CodeCitation Text
40518-125.1Amended CodeCitation Text
40518-127Amended CodeCitation Text
40518-128.01Amended CodeCitation Text
40518-133Amended CodeCitation Text
40518-161.5New CodeSee Bill Text
40518-169Amended CodeCitation Text
4052-101Amended CodeCitation Text
4052-105Amended CodeCitation Text
4052-105.3New CodeSee Bill Text
4052-107Amended CodeCitation Text
4052-117Amended CodeCitation Text
4052-154.5New CodeSee Bill Text
4052-162Amended CodeCitation Text
4052-165Repealed CodeCitation Text
4052-165.5New CodeSee Bill Text
4052-166Repealed CodeCitation Text
40520-121Amended CodeCitation Text
40520-123Amended CodeCitation Text
40520-124Amended CodeCitation Text
40520-125Amended CodeCitation Text
4057-114Amended CodeCitation Text
4057-116Amended CodeCitation Text
4057-139Amended CodeCitation Text
537510Amended CodeCitation Text
53753Amended CodeCitation Text

Illinois State Sources


Bill Comments

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