Bill Text: IL HB3188 | 2009-2010 | 96th General Assembly | Introduced

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Bill Title: Amends the State Pension Funds Continuing Appropriation Act. Makes a technical change in a Section concerning appropriations from the State Pensions Fund.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2009-04-03 - Rule 19(a) / Re-referred to Rules Committee [HB3188 Detail]

Download: Illinois-2009-HB3188-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 HB3188 Introduced 2/24/2009, by Rep. Tom Cross SYNOPSIS AS INTRODUCED:
40 ILCS 15/1
Amends the State Pension Funds Continuing Appropriation Act. Makes a technical change in a Section concerning appropriations from the State Pensions Fund.
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A BILL FOR
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AN ACT concerning public employee benefits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The State Pension Funds Continuing
Appropriation Act is amended by changing Section 1 as follows:
(40 ILCS 15/1)
Sec. 1. Appropriations from State Pensions Fund. For the
the purpose of making up any deficiency in the appropriations
to the designated retirement systems that are required to be
made under Section 8.12 of the State Finance Act, there is
hereby appropriated, on a continuing annual basis in each
fiscal year, from the State Pensions Fund to each designated
retirement system, the amount, if any, by which the total
appropriation to that system from the State Pensions Fund for
that fiscal year is less than the amount required to be
appropriated to that retirement system under Section 8.12 of
the State Finance Act.
The annual appropriation under this Section to each
designated retirement system shall take effect on July 1 for
the State fiscal year beginning on that date.
The amount of any continuing appropriation used by a
retirement system under this Section for a given fiscal year
shall be charged against the unexpended amount of any

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appropriation to that retirement system for that fiscal year
under Section 8.12 of the State Finance Act that subsequently
becomes available, subject to Section 8.3 of the State Finance
Act.
"Designated retirement systems" means the State Employees'
Retirement System of Illinois, the Teachers' Retirement System
of the State of Illinois, the State Universities Retirement
System, the Judges Retirement System of Illinois, and the
General Assembly Retirement System.
The appropriations made in this Section are appropriated to
the designated retirement systems for the funding of the
unfunded liabilities of the designated retirement systems and
are in addition to, and not in lieu of, any State contributions
required under the Illinois Pension Code.
(Source: P.A. 95-950, eff. 8-29-08.)