Illinois General Assembly - Bill Status for HB1518

Synopsis As Introduced
Amends the Chicago Police and Firefighter Articles of the Illinois Pension Code. Provides that the city shall deposit with the city treasurer, for the benefit of each of those funds, a minimum of 20% of all proceeds collected by the city from newly established gaming revenue sources arising out of legislation enacted in 2013 or thereafter. These deposits shall continue until the stabilization of the fund has been deemed to have occurred by an independent actuarial organization mutually agreed upon by the city and employee representatives. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions

Date	Chamber	Action
2/7/2013	House	Filed with the Clerk by Rep. Brandon W. Phelps
2/13/2013	House	First Reading
2/13/2013	House	Referred to Rules Committee
2/19/2013	House	Assigned to Executive Committee
2/19/2013	House	Added Co-Sponsor Rep. Frances Ann Hurley
2/19/2013	House	Added Co-Sponsor Rep. Patrick J. Verschoore
2/19/2013	House	Added Co-Sponsor Rep. Daniel V. Beiser
2/25/2013	House	Added Co-Sponsor Rep. Kelly Burke
3/6/2013	House	Added Co-Sponsor Rep. Mike Smiddy
3/22/2013	House	Rule 19(a) / Re-referred to Rules Committee
12/3/2014	House	Session Sine Die

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