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 Bill Status of HB2707  100th General Assembly


Short Description:  PEN CD-STATE SYS-FUNDING

House Sponsors
Rep. Grant Wehrli

Last Action
DateChamber Action
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
40 ILCS 5/2-124from Ch. 108 1/2, par. 2-124
40 ILCS 5/2-134from Ch. 108 1/2, par. 2-134
40 ILCS 5/14-131
40 ILCS 5/14-135.08from Ch. 108 1/2, par. 14-135.08
40 ILCS 5/15-155from Ch. 108 1/2, par. 15-155
40 ILCS 5/15-165from Ch. 108 1/2, par. 15-165
40 ILCS 5/16-158from Ch. 108 1/2, par. 16-158
40 ILCS 5/18-131from Ch. 108 1/2, par. 18-131
40 ILCS 5/18-140from Ch. 108 1/2, par. 18-140


Synopsis As Introduced
Amends the Illinois Pension Code. In the 5 State-funded retirement systems, provides that a change in actuarial assumptions that increases or decreases the required State contribution, including a change in assumed investment returns or mortality rates, that first applies in State fiscal year 2016 or thereafter, shall be implemented in equal annual amounts over a 5-year period beginning in the State fiscal year in which the actuarial change first applies or fiscal year 2018, whichever is later. Requires each board and the State Actuary to recalculate and recertify the amount of the State contribution for State fiscal year 2018, taking into account the changes made by the amendatory Act. Effective immediately.

Actions 
DateChamber Action
  2/8/2017HouseFiled with the Clerk by Rep. Grant Wehrli
  2/8/2017HouseFirst Reading
  2/8/2017HouseReferred to Rules Committee
  2/22/2017HouseAssigned to Executive Committee
  3/23/2017HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Grant Wehrli
  3/23/2017HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/27/2017HouseHouse Committee Amendment No. 1 Rules Refers to Executive Committee
  3/28/2017HouseMotion Filed to Suspend Rule 21 Executive Committee; Rep. Barbara Flynn Currie
  3/28/2017HouseMotion to Suspend Rule 21 - Prevailed
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee
  3/31/2017HouseHouse Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee

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