101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
SB3061

 

Introduced 2/5/2020, by Sen. Michael E. Hastings

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/15-158.3

    Amends the State Universities Article of the Illinois Pension Code. Removes a provision requiring the Department of Central Management Services to prepare a report showing, on a fiscal year by fiscal year basis, the amount by which the State's cost for health insurance coverage under the State Employees Group Insurance Act of 1971 for retirees of the State's universities and their survivors has declined as a result of requiring some of those retirees and survivors to contribute to the cost of their basic health insurance. Effective immediately.


LRB101 15316 RPS 64501 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB3061LRB101 15316 RPS 64501 b

1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Pension Code is amended by changing
5Section 15-158.3 as follows:
 
6    (40 ILCS 5/15-158.3)
7    Sec. 15-158.3. Reports on cost reduction; effect on
8retirement at any age with 30 years of service.
9    (a) On or before November 15, 2001 and on or before
10November 15th of each year thereafter, the Board shall have the
11System's actuary prepare a report showing, on a fiscal year by
12fiscal year basis, the actual rate of participation in the
13self-managed plan authorized by Section 15-158.2, (i) by
14employees of the System's covered higher educational
15institutions who were hired on or after the implementation date
16of the self-managed plan and (ii) by other System participants.
17    (b) On or before November 15th of 2001 and on or before
18November 15th of each year thereafter, the Illinois Board of
19Higher Education, in conjunction with the Bureau of the Budget
20(now Governor's Office of Management and Budget) shall prepare
21a report showing, on a fiscal year by fiscal year basis, the
22amount by which the costs associated with compensable sick
23leave have been reduced as a result of the termination of

 

 

SB3061- 2 -LRB101 15316 RPS 64501 b

1compensable sick leave accrual on and after January 1, 1998 by
2employees of higher education institutions who are
3participants in the System.
4    (c) (Blank). On or before November 15 of 2001 and on or
5before November 15th of each year thereafter, the Department of
6Central Management Services shall prepare a report showing, on
7a fiscal year by fiscal year basis, the amount by which the
8State's cost for health insurance coverage under the State
9Employees Group Insurance Act of 1971 for retirees of the
10State's universities and their survivors has declined as a
11result of requiring some of those retirees and survivors to
12contribute to the cost of their basic health insurance. These
13year-by-year reductions in cost must be quantified both in
14dollars and as a level percentage of payroll covered by the
15System.
16    (d) The report reports required under subsection
17subsections (b) and (c) shall be disseminated to the Board, the
18Pension Laws Commission (until it ceases to exist), the
19Commission on Government Forecasting and Accountability, the
20Illinois Board of Higher Education, and the Governor.
21    (e) The report reports required under subsection
22subsections (b) and (c) shall be taken into account by the
23Pension Laws Commission (or its successor, the Commission on
24Government Forecasting and Accountability) in making any
25recommendation to extend by legislation beyond December 31,
262002 the provision that allows a System participant to retire

 

 

SB3061- 3 -LRB101 15316 RPS 64501 b

1at any age with 30 or more years of service as authorized in
2Section 15-135.
3(Source: P.A. 95-83, eff. 8-13-07.)
 
4    Section 99. Effective date. This Act takes effect upon
5becoming law.