Illinois General Assembly - Bill Status for HB1124

Synopsis As Introduced
Amends the State Employee, State Universities, Downstate Teacher, and Chicago Teacher Articles of the Pension Code to provide for a one-time increase in certain retirement and survivor's annuities. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

	Pension Note (Pension Laws Commission)
	HB 1124 would increase the accrued liabilities of the affected systems by $733.8 million. The corresponding increase in annual required contributions have not been calculated, but may be significant. The estimated fiscal impact of HB 1124 for each system affected is as follows: SERS $210.5 million, SURS $120.0 million, TRS $250 million, CTPF $153.3 million.

Actions

Date	Chamber	Action
2/4/2003	House	Filed with the Clerk by Rep. Michael K. Smith
2/4/2003	House	First Reading
2/4/2003	House	Referred to Rules Committee
2/5/2003	House	Assigned to Executive Committee
3/13/2003	House	Rule 19(a) / Re-referred to Rules Committee
3/17/2003	House	Pension Note Filed
1/11/2005	House	Session Sine Die

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