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 Bill Status of HB3475  100th General Assembly


Short Description:  PEN CD-STATE SYS-DISCOUNT RATE

House Sponsors
Rep. Peter Breen

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

Statutes Amended In Order of Appearance
40 ILCS 5/2-125.5 new
40 ILCS 5/14-132.5 new
40 ILCS 5/15-156.5 new
40 ILCS 5/16-158.5 new
40 ILCS 5/18-132.5 new


Synopsis As Introduced
Amends the General Assembly, State Employee, State Universities, Downstate Teachers, and Judges Articles of the Illinois Pension Code. Provides that beginning in fiscal year 2019, the discount rate shall be the actual 30-year rolling rate of return experienced by the System. Effective immediately.

Actions 
DateChamber Action
  2/10/2017HouseFiled with the Clerk by Rep. Peter Breen
  2/10/2017HouseFirst Reading
  2/10/2017HouseReferred to Rules Committee
  2/22/2017HouseAssigned to Personnel & Pensions Committee
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

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