Illinois General Assembly - Bill Status for SB2338
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 Bill Status of SB2338  101st General Assembly


Short Description:  PENCD-TRS-EMPLOYR CONTRIBUTION

Senate Sponsors
Sen. Dan McConchie

Last Action
DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/16-106.4a new
40 ILCS 5/16-106.4b new
40 ILCS 5/16-158from Ch. 108 1/2, par. 16-158
30 ILCS 805/8.43 new


Synopsis As Introduced
Amends the Downstate Teacher Article of the Illinois Pension Code. Provides that beginning in school year 2021 and each year thereafter, the System shall calculate the projected amount of the increase in the employer normal cost of benefits, expressed as a percentage of salary and reflecting separate amounts for Tier 1 and Tier 2 benefits, resulting from any increase in salary over the preceding school year, expressed as a percentage of salary. Provides that except for a teacher who first becomes a teacher on or after the implementation date of certain benefits and except for salary increases paid to a teacher under a contract or collective bargaining agreement entered into, amended, or renewed before July 1, 2021, if the amount of a teacher's salary for any school year beginning on or after July 1, 2021 exceeds the teacher's annual full-time salary rate with the same employer for the previous school year, then the teacher's employer shall pay to the System the projected amount of the increase in the employer normal cost of benefits, as determined by the System and reflecting whether the teacher will receive Tier 1 or Tier 2 benefits, resulting from the increase in the teacher's salary over the previous school year. Excludes earning increases paid to members who first become members on or after the implementation date of certain benefits. Defines "Tier 1 benefits" and "Tier 2 benefits". Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  1/8/2020SenateFiled with Secretary by Sen. Dan McConchie
  1/8/2020SenateFirst Reading
  1/8/2020SenateReferred to Assignments
  1/13/2021SenateSession Sine Die

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