IL SB1763 | 2017-2018 | 100th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 18-0)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 18-0)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the General Assembly Article of the Illinois Pension Code. Requires active Tier 1 employees to elect either to (i) have automatic annual increases in retirement annuity and survivor's annuity delayed and reduced or (ii) maintain the current benefit package with additional limitations on pensionable salary. Provides that a Tier 1 employee who elects item (i) is entitled to have future increases in income treated as pensionable income, have contributions reduced to a specified rate, and receive a consideration payment of 10% of contributions made prior to the election. Provides that a Tier 1 employee who elects item (ii) is not eligible to have future increases in income treated as pensionable income. Makes funding changes and requires recertification of State contributions for fiscal years 2018 and 2019. Establishes a voluntary defined contribution plan for certain eligible Tier 1 participants and repeals provisions concerning the defined contribution plan added by Public Act 98-599, which has been held unconstitutional. Makes conforming changes in the Retirement Systems Reciprocal Act (Article 20 of the Code). Restricts participation in the System to persons who became participants before the effective date. Amends the State Pension Funds Continuing Appropriation Act to provide a continuing appropriation for the amounts of the consideration payments. Effective immediately.
Title
PEN CD-GARS-TIER 1 ELECTION
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-09 | Senate | Session Sine Die |
| 2017-02-15 | Senate | Added as Co-Sponsor Sen. Chuck Weaver |
| 2017-02-15 | Senate | Added as Co-Sponsor Sen. Pamela J. Althoff |
| 2017-02-15 | Senate | Added as Co-Sponsor Sen. Chapin Rose |
| 2017-02-15 | Senate | Added as Co-Sponsor Sen. Jil Tracy |
| 2017-02-15 | Senate | Added as Co-Sponsor Sen. Dave Syverson |
| 2017-02-15 | Senate | Added as Co-Sponsor Sen. Dale A. Righter |
| 2017-02-15 | Senate | Added as Co-Sponsor Sen. Dan McConchie |
| 2017-02-15 | Senate | Added as Co-Sponsor Sen. Karen McConnaughay |
| 2017-02-15 | Senate | Added as Co-Sponsor Sen. Jim Oberweis |
| 2017-02-15 | Senate | Added as Co-Sponsor Sen. Tim Bivins |
| 2017-02-15 | Senate | Added as Co-Sponsor Sen. Michael Connelly |
| 2017-02-15 | Senate | Added as Co-Sponsor Sen. Kyle McCarter |
| 2017-02-09 | Senate | Referred to Assignments |
| 2017-02-09 | Senate | First Reading |
| 2017-02-09 | Senate | Co-Sponsor Sen. Dale Fowler |
| 2017-02-09 | Senate | Co-Sponsor Sen. Paul Schimpf |
| 2017-02-09 | Senate | Chief Co-Sponsor Sen. Sue Rezin |
| 2017-02-09 | Senate | Chief Co-Sponsor Sen. Tom Rooney |
| 2017-02-09 | Senate | Chief Co-Sponsor Sen. Neil Anderson |
| 2017-02-09 | Senate | Filed with Secretary by Sen. William E. Brady |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 40 | 15 | 1.9 | New Code | See Bill Text |
| 40 | 5 | 2-101 | Amended Code | Citation Text |
| 40 | 5 | 2-105 | Amended Code | Citation Text |
| 40 | 5 | 2-105.3 | New Code | See Bill Text |
| 40 | 5 | 2-107 | Amended Code | Citation Text |
| 40 | 5 | 2-107.10 | New Code | See Bill Text |
| 40 | 5 | 2-107.9 | New Code | See Bill Text |
| 40 | 5 | 2-108 | Amended Code | Citation Text |
| 40 | 5 | 2-110.3 | New Code | See Bill Text |
| 40 | 5 | 2-119.1 | Amended Code | Citation Text |
| 40 | 5 | 2-124 | Amended Code | Citation Text |
| 40 | 5 | 2-126 | Amended Code | Citation Text |
| 40 | 5 | 2-134 | Amended Code | Citation Text |
| 40 | 5 | 2-162 | Amended Code | Citation Text |
| 40 | 5 | 2-165 | Repealed Code | Citation Text |
| 40 | 5 | 2-165.1 | New Code | See Bill Text |
| 40 | 5 | 2-166 | Repealed Code | Citation Text |
| 40 | 5 | 2-166.1 | New Code | See Bill Text |
| 40 | 5 | 20-121 | Amended Code | Citation Text |
| 40 | 5 | 20-123 | Amended Code | Citation Text |
| 40 | 5 | 20-124 | Amended Code | Citation Text |
| 40 | 5 | 20-125 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1763&GAID=14&DocTypeID=SB&SessionID=91&GA=100 |
| Text | https://www.ilga.gov/legislation/100/SB/10000SB1763.htm |
