SB2163 99TH GENERAL ASSEMBLY

  
  

 


 
99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB2163

 

Introduced 7/28/2015, by Sen. Michael Connelly

 

SYNOPSIS AS INTRODUCED:
 
105 ILCS 5/10-30 new
105 ILCS 5/34-21.9 new
110 ILCS 305/90 new
110 ILCS 520/75 new
110 ILCS 660/5-185 new
110 ILCS 665/10-185 new
110 ILCS 670/20-190 new
110 ILCS 675/15-185 new
110 ILCS 680/25-185 new
110 ILCS 685/30-195 new
110 ILCS 690/35-190 new

    Amends the School Boards Article of the School Code. Provides that a school board shall vote on whether to approve an increase in the earnings of a member of the Teachers' Retirement System of the State of Illinois who receives an increase in salary that exceeds his or her annual full-time salary rate with the same employer for the previous school year by more than 6%. Lists the public notice requirements of a school board meeting in which a vote confirming the salary increase takes place. Amends the Cities of Over 500,000 Inhabitants-Board Of Education Article of the School Code to make similar changes. Amends various Acts relating to the governance of public universities in Illinois. Provides that a board of trustees shall vote on whether to approve an increase in the earnings of a participant of the State Universities Retirement System who receives an increase in salary that exceeds the amount of his or her earnings with the same employer for the previous academic year by more than 6%. Lists the public notice requirements of a board of trustees meeting in which a vote confirming the salary increase takes place. Effective immediately.


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FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

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1    AN ACT concerning education.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The School Code is amended by adding Sections
510-30 and 34-21.9 as follows:
 
6    (105 ILCS 5/10-30 new)
7    Sec. 10-30. Salary increase. Before any member of the
8Teachers' Retirement System of the State of Illinois receives
9an increase in salary, as defined in Article 16 of the Illinois
10Pension Code, for any school year used to determine final
11average salary under Article 16 of the Illinois Pension Code
12that exceeds his or her annual full-time salary rate with the
13same employer for the previous school year by more than 6%, the
14school board shall vote on whether to approve the increase in
15earnings at the next school board meeting that occurs following
16a 30-day notice period. Before the school board votes on
17whether to confirm the increase in salary, the school district
18shall post a public notice for 30 days that contains: (1) the
19name and position of the person receiving the increase in
20salary; (2) the amount of the increase in salary expressed as a
21dollar amount and percentage; and (3) the present value of the
22increase in benefits under Article 16 of the Illinois Pension
23Code resulting from the portion of the increase in salary that

 

 

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1is in excess of 6%. The present value shall be computed on the
2basis of the actuarial assumptions and tables used in the most
3recent actuarial valuation of the Teachers' Retirement System
4of the State of Illinois that is available at the time of
5calculation.
 
6    (105 ILCS 5/34-21.9 new)
7    Sec. 34-21.9. Salary increase. Before any member of the
8Teachers' Retirement System of the State of Illinois receives
9an increase in salary, as defined in Article 16 of the Illinois
10Pension Code, for any school year used to determine final
11average salary under Article 16 of the Illinois Pension Code
12that exceeds his or her annual full-time salary rate with the
13same employer for the previous school year by more than 6%, the
14Chicago Board of Education shall vote on whether to approve the
15increase in earnings at the next Chicago Board of Education
16meeting that occurs following a 30-day notice period. Before
17the Chicago Board of Education votes on whether to confirm the
18increase in salary, the school district shall post a public
19notice for 30 days that contains: (1) the name and position of
20the person receiving the increase in salary; (2) the amount of
21the increase in salary expressed as a dollar amount and
22percentage; and (3) the present value of the increase in
23benefits under Article 16 of the Illinois Pension Code
24resulting from the portion of the increase in salary that is in
25excess of 6%. The present value shall be computed on the basis

 

 

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1of the actuarial assumptions and tables used in the most recent
2actuarial valuation of the Teachers' Retirement System of the
3State of Illinois that is available at the time of calculation.
 
4    Section 10. The University of Illinois Act is amended by
5adding Section 90 as follows:
 
6    (110 ILCS 305/90 new)
7    Sec. 90. Earnings increase. Before a participant of the
8State Universities Retirement System receives an increase in
9earnings, as defined in Article 15 of the Illinois Pension
10Code, for any academic year used to determine the final rate of
11earnings under Article 15 of the Illinois Pension Code,
12determined on a full-time equivalent basis, that exceeds the
13amount of his or her earnings with the same employer for the
14previous academic year, determined on a full-time equivalent
15basis, by more than 6%, the Board of Trustees shall vote on
16whether to confirm the increase in earnings at the next meeting
17that occurs following a 30-day notice period. Before the Board
18of Trustees votes on whether to confirm that increase in
19earnings, the university shall post a public notice for 30 days
20that contains: (1) the name and position of the person
21receiving the increase in earnings; (2) the amount of the
22increase in earnings expressed as a dollar amount and
23percentage; (3) and the present value of the increase in
24benefits under Article 15 of the Illinois Pension Code

 

 

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1resulting from the portion of the increase in earnings that is
2in excess of 6%. The present value shall be computed on the
3basis of the actuarial assumptions and tables used in the most
4recent actuarial valuation of the State Universities
5Retirement System that is available at the time of calculation.
 
6    Section 15. The Southern Illinois University Management
7Act is amended by adding Section 75 as follows:
 
8    (110 ILCS 520/75 new)
9    Sec. 75. Earnings increase. Before a participant of the
10State Universities Retirement System receives an increase in
11earnings, as defined in Article 15 of the Illinois Pension
12Code, for any academic year used to determine the final rate of
13earnings under Article 15 of the Illinois Pension Code,
14determined on a full-time equivalent basis, that exceeds the
15amount of his or her earnings with the same employer for the
16previous academic year, determined on a full-time equivalent
17basis, by more than 6%, the Board of Trustees shall vote on
18whether to confirm the increase in earnings at the next meeting
19that occurs following a 30-day notice period. Before the Board
20of Trustees votes on whether to confirm that increase in
21earnings, the university shall post a public notice for 30 days
22that contains: (1) the name and position of the person
23receiving the increase in earnings; (2) the amount of the
24increase in earnings expressed as a dollar amount and

 

 

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1percentage; (3) and the present value of the increase in
2benefits under Article 15 of the Illinois Pension Code
3resulting from the portion of the increase in earnings that is
4in excess of 6%. The present value shall be computed on the
5basis of the actuarial assumptions and tables used in the most
6recent actuarial valuation of the State Universities
7Retirement System that is available at the time of calculation.
 
8    Section 20. The Chicago State University Law is amended by
9adding Section 5-185 as follows:
 
10    (110 ILCS 660/5-185 new)
11    Sec. 5-185. Earnings increase. Before a participant of the
12State Universities Retirement System receives an increase in
13earnings, as defined in Article 15 of the Illinois Pension
14Code, for any academic year used to determine the final rate of
15earnings under Article 15 of the Illinois Pension Code,
16determined on a full-time equivalent basis, that exceeds the
17amount of his or her earnings with the same employer for the
18previous academic year, determined on a full-time equivalent
19basis, by more than 6%, the Board of Trustees shall vote on
20whether to confirm the increase in earnings at the next meeting
21that occurs following a 30-day notice period. Before the Board
22of Trustees votes on whether to confirm that increase in
23earnings, the university shall post a public notice for 30 days
24that contains: (1) the name and position of the person

 

 

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1receiving the increase in earnings; (2) the amount of the
2increase in earnings expressed as a dollar amount and
3percentage; (3) and the present value of the increase in
4benefits under Article 15 of the Illinois Pension Code
5resulting from the portion of the increase in earnings that is
6in excess of 6%. The present value shall be computed on the
7basis of the actuarial assumptions and tables used in the most
8recent actuarial valuation of the State Universities
9Retirement System that is available at the time of calculation.
 
10    Section 25. The Eastern Illinois University Law is amended
11by adding Section 10-185 as follows:
 
12    (110 ILCS 665/10-185 new)
13    Sec. 10-185. Earnings increase. Before a participant of the
14State Universities Retirement System receives an increase in
15earnings, as defined in Article 15 of the Illinois Pension
16Code, for any academic year used to determine the final rate of
17earnings under Article 15 of the Illinois Pension Code,
18determined on a full-time equivalent basis, that exceeds the
19amount of his or her earnings with the same employer for the
20previous academic year, determined on a full-time equivalent
21basis, by more than 6%, the Board of Trustees shall vote on
22whether to confirm the increase in earnings at the next meeting
23that occurs following a 30-day notice period. Before the Board
24of Trustees votes on whether to confirm that increase in

 

 

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1earnings, the university shall post a public notice for 30 days
2that contains: (1) the name and position of the person
3receiving the increase in earnings; (2) the amount of the
4increase in earnings expressed as a dollar amount and
5percentage; (3) and the present value of the increase in
6benefits under Article 15 of the Illinois Pension Code
7resulting from the portion of the increase in earnings that is
8in excess of 6%. The present value shall be computed on the
9basis of the actuarial assumptions and tables used in the most
10recent actuarial valuation of the State Universities
11Retirement System that is available at the time of calculation.
 
12    Section 30. The Governors State University Law is amended
13by adding Section 20-190 as follows:
 
14    (110 ILCS 670/20-190 new)
15    Sec. 20-190. Earnings increase. Before a participant of the
16State Universities Retirement System receives an increase in
17earnings, as defined in Article 15 of the Illinois Pension
18Code, for any academic year used to determine the final rate of
19earnings under Article 15 of the Illinois Pension Code,
20determined on a full-time equivalent basis, that exceeds the
21amount of his or her earnings with the same employer for the
22previous academic year, determined on a full-time equivalent
23basis, by more than 6%, the Board of Trustees shall vote on
24whether to confirm the increase in earnings at the next meeting

 

 

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1that occurs following a 30-day notice period. Before the Board
2of Trustees votes on whether to confirm that increase in
3earnings, the university shall post a public notice for 30 days
4that contains: (1) the name and position of the person
5receiving the increase in earnings; (2) the amount of the
6increase in earnings expressed as a dollar amount and
7percentage; (3) and the present value of the increase in
8benefits under Article 15 of the Illinois Pension Code
9resulting from the portion of the increase in earnings that is
10in excess of 6%. The present value shall be computed on the
11basis of the actuarial assumptions and tables used in the most
12recent actuarial valuation of the State Universities
13Retirement System that is available at the time of calculation.
 
14    Section 35. The Illinois State University Law is amended by
15adding Section 15-185 as follows:
 
16    (110 ILCS 675/15-185 new)
17    Sec. 15-185. Earnings increase. Before a participant of the
18State Universities Retirement System receives an increase in
19earnings, as defined in Article 15 of the Illinois Pension
20Code, for any academic year used to determine the final rate of
21earnings under Article 15 of the Illinois Pension Code,
22determined on a full-time equivalent basis, that exceeds the
23amount of his or her earnings with the same employer for the
24previous academic year, determined on a full-time equivalent

 

 

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1basis, by more than 6%, the Board of Trustees shall vote on
2whether to confirm the increase in earnings at the next meeting
3that occurs following a 30-day notice period. Before the Board
4of Trustees votes on whether to confirm that increase in
5earnings, the university shall post a public notice for 30 days
6that contains: (1) the name and position of the person
7receiving the increase in earnings; (2) the amount of the
8increase in earnings expressed as a dollar amount and
9percentage; (3) and the present value of the increase in
10benefits under Article 15 of the Illinois Pension Code
11resulting from the portion of the increase in earnings that is
12in excess of 6%. The present value shall be computed on the
13basis of the actuarial assumptions and tables used in the most
14recent actuarial valuation of the State Universities
15Retirement System that is available at the time of calculation.
 
16    Section 40. The Northeastern Illinois University Law is
17amended by adding Section 25-185 as follows:
 
18    (110 ILCS 680/25-185 new)
19    Sec. 25-185. Earnings increase. Before a participant of the
20State Universities Retirement System receives an increase in
21earnings, as defined in Article 15 of the Illinois Pension
22Code, for any academic year used to determine the final rate of
23earnings under Article 15 of the Illinois Pension Code,
24determined on a full-time equivalent basis, that exceeds the

 

 

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1amount of his or her earnings with the same employer for the
2previous academic year, determined on a full-time equivalent
3basis, by more than 6%, the Board of Trustees shall vote on
4whether to confirm the increase in earnings at the next meeting
5that occurs following a 30-day notice period. Before the Board
6of Trustees votes on whether to confirm that increase in
7earnings, the university shall post a public notice for 30 days
8that contains: (1) the name and position of the person
9receiving the increase in earnings; (2) the amount of the
10increase in earnings expressed as a dollar amount and
11percentage; (3) and the present value of the increase in
12benefits under Article 15 of the Illinois Pension Code
13resulting from the portion of the increase in earnings that is
14in excess of 6%. The present value shall be computed on the
15basis of the actuarial assumptions and tables used in the most
16recent actuarial valuation of the State Universities
17Retirement System that is available at the time of calculation.
 
18    Section 45. The Northern Illinois University Law is amended
19by adding Section 30-195 as follows:
 
20    (110 ILCS 685/30-195 new)
21    Sec. 30-195. Earnings increase. Before a participant of the
22State Universities Retirement System receives an increase in
23earnings, as defined in Article 15 of the Illinois Pension
24Code, for any academic year used to determine the final rate of

 

 

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1earnings under Article 15 of the Illinois Pension Code,
2determined on a full-time equivalent basis, that exceeds the
3amount of his or her earnings with the same employer for the
4previous academic year, determined on a full-time equivalent
5basis, by more than 6%, the Board of Trustees shall vote on
6whether to confirm the increase in earnings at the next meeting
7that occurs following a 30-day notice period. Before the Board
8of Trustees votes on whether to confirm that increase in
9earnings, the university shall post a public notice for 30 days
10that contains: (1) the name and position of the person
11receiving the increase in earnings; (2) the amount of the
12increase in earnings expressed as a dollar amount and
13percentage; (3) and the present value of the increase in
14benefits under Article 15 of the Illinois Pension Code
15resulting from the portion of the increase in earnings that is
16in excess of 6%. The present value shall be computed on the
17basis of the actuarial assumptions and tables used in the most
18recent actuarial valuation of the State Universities
19Retirement System that is available at the time of calculation.
 
20    Section 50. The Western Illinois University Law is amended
21by adding Section 35-190 as follows:
 
22    (110 ILCS 690/35-190 new)
23    Sec. 35-190. Earnings increase. Before a participant of the
24State Universities Retirement System receives an increase in

 

 

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1earnings, as defined in Article 15 of the Illinois Pension
2Code, for any academic year used to determine the final rate of
3earnings under Article 15 of the Illinois Pension Code,
4determined on a full-time equivalent basis, that exceeds the
5amount of his or her earnings with the same employer for the
6previous academic year, determined on a full-time equivalent
7basis, by more than 6%, the Board of Trustees shall vote on
8whether to confirm the increase in earnings at the next meeting
9that occurs following a 30-day notice period. Before the Board
10of Trustees votes on whether to confirm that increase in
11earnings, the university shall post a public notice for 30 days
12that contains: (1) the name and position of the person
13receiving the increase in earnings; (2) the amount of the
14increase in earnings expressed as a dollar amount and
15percentage; (3) and the present value of the increase in
16benefits under Article 15 of the Illinois Pension Code
17resulting from the portion of the increase in earnings that is
18in excess of 6%. The present value shall be computed on the
19basis of the actuarial assumptions and tables used in the most
20recent actuarial valuation of the State Universities
21Retirement System that is available at the time of calculation.
 
22    Section 99. Effective date. This Act takes effect upon
23becoming law.