Bill Status of HB3475 100th General Assembly
Short Description: PEN CD-STATE SYS-DISCOUNT RATE
Rep. Peter Breen
|Personnel & Pensions Committee Hearing Mar 30 2017 10:00AM Capitol Building Room 122B Springfield, IL |
Statutes Amended In Order of Appearance
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.