Bill Status of HB 6157   97th General Assembly

Short Description:  PEN CD-EMPLOYER CONTRIBUTIONS

House Sponsors
Rep. Darlene J. Senger

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/8-174.2 new
40 ILCS 5/8-191from Ch. 108 1/2, par. 8-191
40 ILCS 5/11-179.1 new
40 ILCS 5/11-180from Ch. 108 1/2, par. 11-180
40 ILCS 5/12-155.2 new
40 ILCS 5/17-129from Ch. 108 1/2, par. 17-129
30 ILCS 805/8.36 new

Synopsis As Introduced
Amends the Chicago Municipal, Chicago Laborers, Chicago Park District, and Chicago Teachers Articles of the Illinois Pension Code. In every affected Article, except the Chicago Teachers Article, establishes a minimum contribution that must be paid to the affected Funds by employers during each fiscal year beginning in fiscal year 2013. In the Chicago Teachers Article, changes the required minimum contribution so that the Fund is 90% funded by 2046 (rather than 2060). In the Chicago Municipal and Chicago Laborers Articles, requires the amounts that must be paid for annuities, benefits, and administrative expenses to be paid by the city (rather than by the city from the prescribed tax levy). Amends the State Mandates Act to require implementation without reimbursement. Effective July 1, 2012.

Actions 
DateChamber Action
  4/20/2012HouseFiled with the Clerk by Rep. Darlene J. Senger
  4/24/2012HouseFirst Reading
  4/24/2012HouseReferred to Rules Committee
  1/8/2013HouseSession Sine Die

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