Illinois General Assembly - Bill Status for HB5799

Home

Legislation & Laws

Senate

House

My Legislation

Site Map

Previous General Assemblies

Bill Status of HB5799 101st General Assembly

Full Text Votes Witness Slips View All Actions Printer-Friendly Version

Short Description: PENCD-DWNST POL&FIRE-FINANCING

House Sponsors
Rep. Ryan Spain

Last Action

Date	Chamber	Action
1/13/2021	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/3-125

from Ch. 108 1/2, par. 3-125

40 ILCS 5/4-118

from Ch. 108 1/2, par. 4-118

30 ILCS 805/8.44 new

Synopsis As Introduced
Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Provides that the annual employer contribution shall include an amount sufficient to bring the total assets of the pension fund up to 90% of the total actuarial liabilities of the pension fund by the end of municipal fiscal year 2050 (instead of 2040). Makes a conforming change. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions

Date	Chamber	Action
6/10/2020	House	Filed with the Clerk by Rep. Ryan Spain
11/10/2020	House	First Reading
11/10/2020	House	Referred to Rules Committee
1/13/2021	House	Session Sine Die

×