IL SB2203 | 2013-2014 | 98th General Assembly
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on January 13 2015 - 100% progression
Action: 2015-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Bipartisan Bill
Status: Failed on January 13 2015 - 100% progression
Action: 2015-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Pension Code. For the 5 State-funded retirement systems, requires the Board to follow the State Actuary's recommendations when making the final certification of the annual required State contribution. Changes the funding formula to achieve 100% funding in 30 years. Also makes technical changes. Effective immediately.
Title
PENCD-STATE ACTUARY-FUNDING
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2015-01-13 | Senate | Session Sine Die |
| 2013-04-16 | Senate | Added as Co-Sponsor Sen. Patricia Van Pelt |
| 2013-03-22 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2013-03-14 | Senate | Postponed - Subcommittee on Special Issues |
| 2013-03-06 | Senate | To Subcommittee on Special Issues (EX) |
| 2013-03-05 | Senate | Assigned to Executive |
| 2013-02-15 | Senate | Referred to Assignments |
| 2013-02-15 | Senate | First Reading |
| 2013-02-15 | Senate | Filed with Secretary by Sen. Kirk W. Dillard |
Code Citations
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2203&GAID=12&DocTypeID=SB&SessionID=85&GA=98 |
| Text | https://www.ilga.gov/legislation/98/SB/09800SB2203.htm |
