Bill Title: 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.

Spectrum: Bipartisan Bill

Status: (Failed) 2015-01-13 - Session Sine Die [SB2203 Detail]

Text: Latest bill text (Introduced) [HTML]

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