Illinois General Assembly - Bill Status for SB1583
Illinois General Assembly

Previous General Assemblies

 Bill Status of SB1583  97th General Assembly


Short Description:  PEN CD-COOK CTY-FUND DEPOSIT

Senate Sponsors
Sen. Mike Jacobs

Last Action
DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/9-169from Ch. 108 1/2, par. 9-169


Synopsis As Introduced
Amends the Cook County Article of the Illinois Pension Code. Deletes a prohibition on the use of county funds, other than those funds raised by the tax levied by the county under that Article, in order to make the required contribution by the county. Provides that, in lieu of levying all or a portion of the required tax in any year, the county may deposit with the county treasurer no later than March 1 of that year for the benefit of the Cook County Employees' and Officers' Annuity and Benefit Fund an amount that, together with the levied tax for that year, is not less than the amount of the county's contribution for that year, as certified to the county board by the Board of Trustees of the Cook County Employees' and Officers' Annuity and Benefit Fund. Authorizes the deposit to be derived from any source legally available for that purpose, including, but not limited to, the proceeds of county borrowings. Provides that such a deposit shall, to the extent of the amounts so deposited, satisfy the requirement to levy a tax for that year. Limits the concurrent exercise of home rule powers. Effective immediately.

Actions 
DateChamber Action
  2/9/2011SenateFiled with Secretary by Sen. Mike Jacobs
  2/9/2011SenateFirst Reading
  2/9/2011SenateReferred to Assignments
  3/2/2011SenateAssigned to Pensions and Investments
  3/10/2011SenatePostponed - Pensions and Investments
  3/17/2011SenatePostponed - Pensions and Investments
  3/18/2011SenateRule 3-9(a) / Re-referred to Assignments
  1/8/2013SenateSession Sine Die

Back To Top