Illinois General Assembly - Bill Status for SB1967

Replaces everything after the enacting clause with the engrossed bill and the following changes. Amends the State Employees Group Insurance Act of 1971. Adds and excludes certain classes of persons from the definition of "community college benefit recipient". Provides, beginning July 1, 2012, (i) that the program of health benefits for community college benefit recipients and community college dependent beneficiaries shall include health benefits for community college benefit recipients and community college dependent beneficiaries subject to the City Colleges of Chicago Article of the Public Community College Act and (ii) that those persons and the employers of those persons shall pay the required contributions. Provides that a community college district subject to the City Colleges of Chicago Article of the Public Community College Act shall contribute (i) $7,800,000 toward the cost of these health benefits by March 30, 2012 and (ii) an additional amount on or before September 1, 2012. Establishes the Community College Fiscal Board, and requires it to make an annual assessment of the funding levels of the Community College Health Insurance Security Fund and to submit a report containing related information to the Commission on Government Forecasting and Accountability at least 90 days before the end of fiscal year 2011, or as soon thereafter as is possible, and, again, at least 90 days before the end of each subsequent fiscal year. Provides that, if the reported actuarial present value of projected benefits expected to be paid to community college benefit recipients and their dependents exceeds the actuarial present value of projected contributions and other income, then the report must provide a plan that will (i) be implemented over a period of not more than 5 years from each valuation date and (ii) make the actuarial present value of projected contributions and other income equal to or exceed the actuarial present value of projected benefits expected to be paid to community college benefit recipients and their dependents. Provides for review of the plan and reports by the Commission on Government Forecasting and Accountability. Changes the required employee and employer contributions to the Community College Health Insurance Security Fund. Amends the Public Community College Act. Provides that as of July 1, 2012, a community college district must maintain a minimum required combined in-district tuition and universal fee rate per semester credit hour equal to 70% (instead of 85%) of the State-average combined rate, as determined by the Illinois Community College Board, or the total revenue received by the community college district from combined in-district tuition and universal fees must be at least 30% of the total revenue received by the community college district, as determined by the Board, for equalization funding. Provides that the tuition rate and fee limit of 1/3 of the per capita cost applies until the effective date of the amendatory Act and beginning again 3 years after the effective date of the amendatory Act. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Deletes everything after the enacting clause. Amends the Higher Education Student Assistance Act with respect to the Monetary Award Program. Provides that the Illinois Student Assistance Commission, in determining the number of grants to be offered, shall in no instance assume greater program funding than the program received during the previous fiscal year. Provides that in the event that appropriations in any fiscal year prove insufficient to fulfill those grants awarded by the Commission through notification, the Commission shall utilize necessary prorating equally between the fall and spring academic semesters. Effective July 1, 2012.

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