IL SB1643 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 8 2023 - 25% progression
Action: 2023-03-10 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the State Universities Article of the Illinois Pension Code. Provides that in computing service: one day of service in a calendar month shall constitute a full month of service. For a participant who teaches a course or courses, a participant is deemed to be in service until the date on which the employer requires grades to be submitted for that course or courses, and that date shall be deemed to constitute a day of service. Provides that the changes made by the amendatory Act are retroactive to 2 years before the effective date of the amendatory Act. Provides that a participant may request a recalculation of his or her service based on the changes made by the amendatory Act. Requires an employer to annually provide to each of its participating employees a statement of the amount of service the employer reported to the System for that participating employee during the preceding academic year. Provides that if a person disputes the amount of any benefit payment, the amount of service credit the benefit was based on, the formula used to calculate the benefit, the calculation of the benefit, or the information provided to the System by the employer, he or she may, within 90 days after the commencement of the benefit, apply to the System in writing for a recalculation. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Makes other changes. Effective immediately.

Tracking Information

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Title

PENCD-SURS-SERVICE CALCULATION

Sponsors


History

DateChamberAction
2023-03-10SenateRule 3-9(a) / Re-referred to Assignments
2023-02-22SenatePostponed - Senate Special Committee on Pensions
2023-02-14SenateAssigned to Senate Special Committee on Pensions
2023-02-08SenateReferred to Assignments
2023-02-08SenateFirst Reading
2023-02-08SenateFiled with Secretary by Sen. Robert F. Martwick

Code Citations

ChapterArticleSectionCitation TypeStatute Text
40515-134.1Amended CodeCitation Text
40515-175Amended CodeCitation Text
40515-181Amended CodeCitation Text
40515-186.1Amended CodeCitation Text
40515-198Amended CodeCitation Text

Illinois State Sources


Bill Comments

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