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 Bill Status of SB0068  100th General Assembly


Short Description:  PEN CD-COMPTROLLER INTERCEPT

Senate Sponsors
Sen. Michael E. Hastings

Last Action
DateChamber Action
  3/17/2017SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
40 ILCS 5/3-125from Ch. 108 1/2, par. 3-125
40 ILCS 5/4-118from Ch. 108 1/2, par. 4-118


Synopsis As Introduced
Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Beginning in fiscal year 2021, sets a separate Comptroller intercept schedule for payments of State funds to pension funds that have assets in trust that exceed 5 years of current liabilities. Effective immediately.

Actions 
DateChamber Action
  1/11/2017SenateFiled with Secretary by Sen. Michael E. Hastings
  1/11/2017SenateFirst Reading
  1/11/2017SenateReferred to Assignments
  1/24/2017SenateAssigned to Executive
  2/9/2017SenateTo Subcommittee on Pensions
  3/17/2017SenateRule 3-9(a) / Re-referred to Assignments

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