IL SB1110 | 2019-2020 | 101st General Assembly
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Bipartisan Bill
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Pension Code. Merges all Article 4 firefighters' pension funds into a single Downstate Firefighters Pension Fund on January 1, 2021. Creates a Transition Board, which is responsible for planning, overseeing, and administering the consolidation. Authorizes the Transition Board to undertake numerous activities necessary for the consolidation, including making arrangements for staff, investments, transfer of assets and liabilities, acquisition of property, establishment of municipality accounts, and adopting rules and procedures. Authorizes the Transition Board to enter into contracts and to obligate and expend the assets of the Fund. Creates a new Board of Trustees for the Fund, and provides for administration of the Fund by the Transition Board until the new Board assumes its duties on January 1, 2022. Provides for investment of the Fund's assets by a custodian chosen by the Board of Trustees. Makes conforming and other changes. Amends the Property Tax Extension Limitation Law (PTELL) of the Property Tax Code to exclude from the definition of "aggregate extension" special purpose extensions made for contributions to the Downstate Firefighters Pension Fund. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately, except that certain changes to the Illinois Pension Code and PTELL of the Property Tax Code take effect January 1, 2021.
Title
PEN CD-CONSOLIDATE DNST FIRE
Sponsors
History
Date | Chamber | Action |
---|---|---|
2021-01-13 | Senate | Session Sine Die |
2019-03-28 | Senate | Rule 3-9(a) / Re-referred to Assignments |
2019-03-22 | Senate | Rule 2-10 Committee Deadline Established As March 28, 2019 |
2019-02-22 | Senate | Added as Chief Co-Sponsor Sen. Dan McConchie |
2019-02-06 | Senate | Assigned to Government Accountability and Ethics |
2019-02-05 | Senate | Referred to Assignments |
2019-02-05 | Senate | First Reading |
2019-02-05 | Senate | Filed with Secretary by Sen. Steven M. Landek |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
30 | 805 | 8.43 | New Code | See Bill Text |
35 | 200 | 18-185 | Amended Code | Citation Text |
40 | 5 | 4-101 | Amended Code | Citation Text |
40 | 5 | 4-101.1 | New Code | See Bill Text |
40 | 5 | 4-101.2 | New Code | See Bill Text |
40 | 5 | 4-102.1 | New Code | See Bill Text |
40 | 5 | 4-103 | Amended Code | Citation Text |
40 | 5 | 4-104.5 | New Code | See Bill Text |
40 | 5 | 4-105 | Amended Code | Citation Text |
40 | 5 | 4-105c | Amended Code | Citation Text |
40 | 5 | 4-105d | Amended Code | Citation Text |
40 | 5 | 4-106.5 | New Code | See Bill Text |
40 | 5 | 4-108 | Amended Code | Citation Text |
40 | 5 | 4-118 | Amended Code | Citation Text |
40 | 5 | 4-118.1 | Amended Code | Citation Text |
40 | 5 | 4-121 | Amended Code | Citation Text |
40 | 5 | 4-121.1 | New Code | See Bill Text |
40 | 5 | 4-121.2 | New Code | See Bill Text |
40 | 5 | 4-124 | Amended Code | Citation Text |
40 | 5 | 4-128 | Amended Code | Citation Text |
40 | 5 | 4-129.5 | New Code | See Bill Text |
40 | 5 | 4-130.1 | New Code | See Bill Text |
40 | 5 | 4-130.3 | New Code | See Bill Text |
40 | 5 | 4-130.4 | New Code | See Bill Text |
40 | 5 | 4-130.5 | New Code | See Bill Text |
40 | 5 | 4-134 | Amended Code | Citation Text |
40 | 5 | 7-199.5 | New Code | See Bill Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1110&GAID=15&DocTypeID=SB&SessionID=108&GA=101 |
Text | https://www.ilga.gov/legislation/101/SB/10100SB1110.htm |