Illinois-2015-SB2163-Introduced

99TH GENERAL ASSEMBLY State of Illinois 2015 and 2016 SB2163

Introduced 7/28/2015, by Sen. Michael Connelly

SYNOPSIS AS INTRODUCED:

`105 ILCS 5/10-30 new`
`105 ILCS 5/34-21.9 new`
`110 ILCS 305/90 new`
`110 ILCS 520/75 new`
`110 ILCS 660/5-185 new`
`110 ILCS 665/10-185 new`
`110 ILCS 670/20-190 new`
`110 ILCS 675/15-185 new`
`110 ILCS 680/25-185 new`
`110 ILCS 685/30-195 new`
`110 ILCS 690/35-190 new`

Amends the School Boards Article of the School Code. Provides that a school board shall vote on whether to approve an increase in the earnings of a member of the Teachers' Retirement System of the State of Illinois who receives an increase in salary that exceeds his or her annual full-time salary rate with the same employer for the previous school year by more than 6%. Lists the public notice requirements of a school board meeting in which a vote confirming the salary increase takes place. Amends the Cities of Over 500,000 Inhabitants-Board Of Education Article of the School Code to make similar changes. Amends various Acts relating to the governance of public universities in Illinois. Provides that a board of trustees shall vote on whether to approve an increase in the earnings of a participant of the State Universities Retirement System who receives an increase in salary that exceeds the amount of his or her earnings with the same employer for the previous academic year by more than 6%. Lists the public notice requirements of a board of trustees meeting in which a vote confirming the salary increase takes place. Effective immediately.

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FISCAL NOTE ACT MAY APPLY

A BILL FOR

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1 AN ACT concerning education.

2 Be it enacted by the People of the State of Illinois,

3 represented in the General Assembly:

4 Section 5. The School Code is amended by adding Sections

5 10-30 and 34-21.9 as follows:

6 (105 ILCS 5/10-30 new)

7 Sec. 10-30. Salary increase. Before any member of the

8 Teachers' Retirement System of the State of Illinois receives

9 an increase in salary, as defined in Article 16 of the Illinois

10 Pension Code, for any school year used to determine final

11 average salary under Article 16 of the Illinois Pension Code

12 that exceeds his or her annual full-time salary rate with the

13 same employer for the previous school year by more than 6%, the

14 school board shall vote on whether to approve the increase in

15 earnings at the next school board meeting that occurs following

16 a 30-day notice period. Before the school board votes on

17 whether to confirm the increase in salary, the school district

18 shall post a public notice for 30 days that contains: (1) the

19 name and position of the person receiving the increase in

20 salary; (2) the amount of the increase in salary expressed as a

21 dollar amount and percentage; and (3) the present value of the

22 increase in benefits under Article 16 of the Illinois Pension

23 Code resulting from the portion of the increase in salary that

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1 is in excess of 6%. The present value shall be computed on the

2 basis of the actuarial assumptions and tables used in the most

3 recent actuarial valuation of the Teachers' Retirement System

4 of the State of Illinois that is available at the time of

5 calculation.

6 (105 ILCS 5/34-21.9 new)

7 Sec. 34-21.9. Salary increase. Before any member of the

8 Teachers' Retirement System of the State of Illinois receives

9 an increase in salary, as defined in Article 16 of the Illinois

10 Pension Code, for any school year used to determine final

11 average salary under Article 16 of the Illinois Pension Code

12 that exceeds his or her annual full-time salary rate with the

13 same employer for the previous school year by more than 6%, the

14 Chicago Board of Education shall vote on whether to approve the

15 increase in earnings at the next Chicago Board of Education

16 meeting that occurs following a 30-day notice period. Before

17 the Chicago Board of Education votes on whether to confirm the

18 increase in salary, the school district shall post a public

19 notice for 30 days that contains: (1) the name and position of

20 the person receiving the increase in salary; (2) the amount of

21 the increase in salary expressed as a dollar amount and

22 percentage; and (3) the present value of the increase in

23 benefits under Article 16 of the Illinois Pension Code

24 resulting from the portion of the increase in salary that is in

25 excess of 6%. The present value shall be computed on the basis

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1 of the actuarial assumptions and tables used in the most recent

2 actuarial valuation of the Teachers' Retirement System of the

3 State of Illinois that is available at the time of calculation.

4 Section 10. The University of Illinois Act is amended by

5 adding Section 90 as follows:

6 (110 ILCS 305/90 new)

7 Sec. 90. Earnings increase. Before a participant of the

8 State Universities Retirement System receives an increase in

9 earnings, as defined in Article 15 of the Illinois Pension

10 Code, for any academic year used to determine the final rate of

11 earnings under Article 15 of the Illinois Pension Code,

12 determined on a full-time equivalent basis, that exceeds the

13 amount of his or her earnings with the same employer for the

14 previous academic year, determined on a full-time equivalent

15 basis, by more than 6%, the Board of Trustees shall vote on

16 whether to confirm the increase in earnings at the next meeting

17 that occurs following a 30-day notice period. Before the Board

18 of Trustees votes on whether to confirm that increase in

19 earnings, the university shall post a public notice for 30 days

20 that contains: (1) the name and position of the person

21 receiving the increase in earnings; (2) the amount of the

22 increase in earnings expressed as a dollar amount and

23 percentage; (3) and the present value of the increase in

24 benefits under Article 15 of the Illinois Pension Code

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1 resulting from the portion of the increase in earnings that is

2 in excess of 6%. The present value shall be computed on the

3 basis of the actuarial assumptions and tables used in the most

4 recent actuarial valuation of the State Universities

5 Retirement System that is available at the time of calculation.

6 Section 15. The Southern Illinois University Management

7 Act is amended by adding Section 75 as follows:

8 (110 ILCS 520/75 new)

9 Sec. 75. Earnings increase. Before a participant of the

10 State Universities Retirement System receives an increase in

11 earnings, as defined in Article 15 of the Illinois Pension

12 Code, for any academic year used to determine the final rate of

13 earnings under Article 15 of the Illinois Pension Code,

14 determined on a full-time equivalent basis, that exceeds the

15 amount of his or her earnings with the same employer for the

16 previous academic year, determined on a full-time equivalent

17 basis, by more than 6%, the Board of Trustees shall vote on

18 whether to confirm the increase in earnings at the next meeting

19 that occurs following a 30-day notice period. Before the Board

20 of Trustees votes on whether to confirm that increase in

21 earnings, the university shall post a public notice for 30 days

22 that contains: (1) the name and position of the person

23 receiving the increase in earnings; (2) the amount of the

24 increase in earnings expressed as a dollar amount and

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1 percentage; (3) and the present value of the increase in

2 benefits under Article 15 of the Illinois Pension Code

3 resulting from the portion of the increase in earnings that is

4 in excess of 6%. The present value shall be computed on the

5 basis of the actuarial assumptions and tables used in the most

6 recent actuarial valuation of the State Universities

7 Retirement System that is available at the time of calculation.

8 Section 20. The Chicago State University Law is amended by

9 adding Section 5-185 as follows:

10 (110 ILCS 660/5-185 new)

11 Sec. 5-185. Earnings increase. Before a participant of the

12 State Universities Retirement System receives an increase in

13 earnings, as defined in Article 15 of the Illinois Pension

14 Code, for any academic year used to determine the final rate of

15 earnings under Article 15 of the Illinois Pension Code,

16 determined on a full-time equivalent basis, that exceeds the

17 amount of his or her earnings with the same employer for the

18 previous academic year, determined on a full-time equivalent

19 basis, by more than 6%, the Board of Trustees shall vote on

20 whether to confirm the increase in earnings at the next meeting

21 that occurs following a 30-day notice period. Before the Board

22 of Trustees votes on whether to confirm that increase in

23 earnings, the university shall post a public notice for 30 days

24 that contains: (1) the name and position of the person

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1 receiving the increase in earnings; (2) the amount of the

2 increase in earnings expressed as a dollar amount and

3 percentage; (3) and the present value of the increase in

4 benefits under Article 15 of the Illinois Pension Code

5 resulting from the portion of the increase in earnings that is

6 in excess of 6%. The present value shall be computed on the

7 basis of the actuarial assumptions and tables used in the most

8 recent actuarial valuation of the State Universities

9 Retirement System that is available at the time of calculation.

10 Section 25. The Eastern Illinois University Law is amended

11 by adding Section 10-185 as follows:

12 (110 ILCS 665/10-185 new)

13 Sec. 10-185. Earnings increase. Before a participant of the

14 State Universities Retirement System receives an increase in

15 earnings, as defined in Article 15 of the Illinois Pension

16 Code, for any academic year used to determine the final rate of

17 earnings under Article 15 of the Illinois Pension Code,

18 determined on a full-time equivalent basis, that exceeds the

19 amount of his or her earnings with the same employer for the

20 previous academic year, determined on a full-time equivalent

21 basis, by more than 6%, the Board of Trustees shall vote on

22 whether to confirm the increase in earnings at the next meeting

23 that occurs following a 30-day notice period. Before the Board

24 of Trustees votes on whether to confirm that increase in

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1 earnings, the university shall post a public notice for 30 days

2 that contains: (1) the name and position of the person

3 receiving the increase in earnings; (2) the amount of the

4 increase in earnings expressed as a dollar amount and

5 percentage; (3) and the present value of the increase in

6 benefits under Article 15 of the Illinois Pension Code

7 resulting from the portion of the increase in earnings that is

8 in excess of 6%. The present value shall be computed on the

9 basis of the actuarial assumptions and tables used in the most

10 recent actuarial valuation of the State Universities

11 Retirement System that is available at the time of calculation.

12 Section 30. The Governors State University Law is amended

13 by adding Section 20-190 as follows:

14 (110 ILCS 670/20-190 new)

15 Sec. 20-190. Earnings increase. Before a participant of the

16 State Universities Retirement System receives an increase in

17 earnings, as defined in Article 15 of the Illinois Pension

18 Code, for any academic year used to determine the final rate of

19 earnings under Article 15 of the Illinois Pension Code,

20 determined on a full-time equivalent basis, that exceeds the

21 amount of his or her earnings with the same employer for the

22 previous academic year, determined on a full-time equivalent

23 basis, by more than 6%, the Board of Trustees shall vote on

24 whether to confirm the increase in earnings at the next meeting

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1 that occurs following a 30-day notice period. Before the Board

2 of Trustees votes on whether to confirm that increase in

3 earnings, the university shall post a public notice for 30 days

4 that contains: (1) the name and position of the person

5 receiving the increase in earnings; (2) the amount of the

6 increase in earnings expressed as a dollar amount and

7 percentage; (3) and the present value of the increase in

8 benefits under Article 15 of the Illinois Pension Code

9 resulting from the portion of the increase in earnings that is

10 in excess of 6%. The present value shall be computed on the

11 basis of the actuarial assumptions and tables used in the most

12 recent actuarial valuation of the State Universities

13 Retirement System that is available at the time of calculation.

14 Section 35. The Illinois State University Law is amended by

15 adding Section 15-185 as follows:

16 (110 ILCS 675/15-185 new)

17 Sec. 15-185. Earnings increase. Before a participant of the

18 State Universities Retirement System receives an increase in

19 earnings, as defined in Article 15 of the Illinois Pension

20 Code, for any academic year used to determine the final rate of

21 earnings under Article 15 of the Illinois Pension Code,

22 determined on a full-time equivalent basis, that exceeds the

23 amount of his or her earnings with the same employer for the

24 previous academic year, determined on a full-time equivalent

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1 basis, by more than 6%, the Board of Trustees shall vote on

2 whether to confirm the increase in earnings at the next meeting

3 that occurs following a 30-day notice period. Before the Board

4 of Trustees votes on whether to confirm that increase in

5 earnings, the university shall post a public notice for 30 days

6 that contains: (1) the name and position of the person

7 receiving the increase in earnings; (2) the amount of the

8 increase in earnings expressed as a dollar amount and

9 percentage; (3) and the present value of the increase in

10 benefits under Article 15 of the Illinois Pension Code

11 resulting from the portion of the increase in earnings that is

12 in excess of 6%. The present value shall be computed on the

13 basis of the actuarial assumptions and tables used in the most

14 recent actuarial valuation of the State Universities

15 Retirement System that is available at the time of calculation.

16 Section 40. The Northeastern Illinois University Law is

17 amended by adding Section 25-185 as follows:

18 (110 ILCS 680/25-185 new)

19 Sec. 25-185. Earnings increase. Before a participant of the

20 State Universities Retirement System receives an increase in

21 earnings, as defined in Article 15 of the Illinois Pension

22 Code, for any academic year used to determine the final rate of

23 earnings under Article 15 of the Illinois Pension Code,

24 determined on a full-time equivalent basis, that exceeds the

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1 amount of his or her earnings with the same employer for the

2 previous academic year, determined on a full-time equivalent

3 basis, by more than 6%, the Board of Trustees shall vote on

4 whether to confirm the increase in earnings at the next meeting

5 that occurs following a 30-day notice period. Before the Board

6 of Trustees votes on whether to confirm that increase in

7 earnings, the university shall post a public notice for 30 days

8 that contains: (1) the name and position of the person

9 receiving the increase in earnings; (2) the amount of the

10 increase in earnings expressed as a dollar amount and

11 percentage; (3) and the present value of the increase in

12 benefits under Article 15 of the Illinois Pension Code

13 resulting from the portion of the increase in earnings that is

14 in excess of 6%. The present value shall be computed on the

15 basis of the actuarial assumptions and tables used in the most

16 recent actuarial valuation of the State Universities

17 Retirement System that is available at the time of calculation.

18 Section 45. The Northern Illinois University Law is amended

19 by adding Section 30-195 as follows:

20 (110 ILCS 685/30-195 new)

21 Sec. 30-195. Earnings increase. Before a participant of the

22 State Universities Retirement System receives an increase in

23 earnings, as defined in Article 15 of the Illinois Pension

24 Code, for any academic year used to determine the final rate of

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1 earnings under Article 15 of the Illinois Pension Code,

2 determined on a full-time equivalent basis, that exceeds the

3 amount of his or her earnings with the same employer for the

4 previous academic year, determined on a full-time equivalent

5 basis, by more than 6%, the Board of Trustees shall vote on

6 whether to confirm the increase in earnings at the next meeting

7 that occurs following a 30-day notice period. Before the Board

8 of Trustees votes on whether to confirm that increase in

9 earnings, the university shall post a public notice for 30 days

10 that contains: (1) the name and position of the person

11 receiving the increase in earnings; (2) the amount of the

12 increase in earnings expressed as a dollar amount and

13 percentage; (3) and the present value of the increase in

14 benefits under Article 15 of the Illinois Pension Code

15 resulting from the portion of the increase in earnings that is

16 in excess of 6%. The present value shall be computed on the

17 basis of the actuarial assumptions and tables used in the most

18 recent actuarial valuation of the State Universities

19 Retirement System that is available at the time of calculation.

20 Section 50. The Western Illinois University Law is amended

21 by adding Section 35-190 as follows:

22 (110 ILCS 690/35-190 new)

23 Sec. 35-190. Earnings increase. Before a participant of the

24 State Universities Retirement System receives an increase in

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1 earnings, as defined in Article 15 of the Illinois Pension

2 Code, for any academic year used to determine the final rate of

3 earnings under Article 15 of the Illinois Pension Code,

4 determined on a full-time equivalent basis, that exceeds the

5 amount of his or her earnings with the same employer for the

6 previous academic year, determined on a full-time equivalent

7 basis, by more than 6%, the Board of Trustees shall vote on

8 whether to confirm the increase in earnings at the next meeting

9 that occurs following a 30-day notice period. Before the Board

10 of Trustees votes on whether to confirm that increase in

11 earnings, the university shall post a public notice for 30 days

12 that contains: (1) the name and position of the person

13 receiving the increase in earnings; (2) the amount of the

14 increase in earnings expressed as a dollar amount and

15 percentage; (3) and the present value of the increase in

16 benefits under Article 15 of the Illinois Pension Code

17 resulting from the portion of the increase in earnings that is

18 in excess of 6%. The present value shall be computed on the

19 basis of the actuarial assumptions and tables used in the most

20 recent actuarial valuation of the State Universities

21 Retirement System that is available at the time of calculation.

22 Section 99. Effective date. This Act takes effect upon

23 becoming law.