<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 1124   </title>
<shortdesc>PEN CD-ONE-TIME INCREASES</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Michael K. Smith</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/14-114</reference><aliasreference>from Ch. 108 1/2, par. 14-114</aliasreference><reference>40 ILCS 5/14-119</reference><aliasreference>from Ch. 108 1/2, par. 14-119</aliasreference><reference>40 ILCS 5/14-121</reference><aliasreference>from Ch. 108 1/2, par. 14-121</aliasreference><reference>40 ILCS 5/15-136</reference><aliasreference>from Ch. 108 1/2, par. 15-136</aliasreference><reference>40 ILCS 5/15-136.3</reference><aliasreference></aliasreference><reference>40 ILCS 5/15-145</reference><aliasreference>from Ch. 108 1/2, par. 15-145</aliasreference><reference>40 ILCS 5/16-133.1</reference><aliasreference>from Ch. 108 1/2, par. 16-133.1</aliasreference><reference>40 ILCS 5/16-143.1</reference><aliasreference>from Ch. 108 1/2, par. 16-143.1</aliasreference><reference>40 ILCS 5/17-119</reference><aliasreference>from Ch. 108 1/2, par. 17-119</aliasreference><reference>40 ILCS 5/17-122</reference><aliasreference>from Ch. 108 1/2, par. 17-122</aliasreference><reference>30 ILCS 805/8.27 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the State Employee, State Universities, Downstate Teacher, and Chicago Teacher Articles of the Pension Code to provide for a one-time increase in certain retirement and survivor's annuities. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.</SynopsisText><synopsistitle>Pension Note (Pension Laws Commission)</synopsistitle>
<SynopsisText>HB 1124 would increase the accrued liabilities of the affected systems by $733.8 million. The corresponding increase in annual required contributions have not been calculated, but may be significant. The estimated fiscal impact of HB 1124 for each system affected is as follows: SERS $210.5 million, SURS $120.0 million, TRS $250 million, CTPF $153.3 million.</SynopsisText></synopsis>
<actions>
<statusdate>2/4/2003</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Michael K. Smith</action>
<statusdate>2/4/2003</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/4/2003</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/5/2003</statusdate><chamber>House</chamber><action>Assigned to Executive Committee</action>
<statusdate>3/13/2003</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>3/17/2003</statusdate><chamber>House</chamber><action>Pension Note Filed</action>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

