Illinois General Assembly - Bill Status for SB3454
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 Bill Status of SB3454  99th General Assembly


Short Description:  PEN CD-COMPTROLLER INTERCEPT

Senate Sponsors
Sen. Michael E. Hastings

Last Action
DateChamber Action
  1/10/2017SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/3-125from Ch. 108 1/2, par. 3-125
40 ILCS 5/4-118from Ch. 108 1/2, par. 4-118


Synopsis As Introduced
Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Beginning in fiscal year 2021, sets a separate Comptroller intercept schedule for payments of State funds to pension funds that have assets in trust that exceed 5 years of current liabilities. Effective immediately.

Actions 
DateChamber Action
  11/29/2016SenateFiled with Secretary by Sen. Michael E. Hastings
  11/29/2016SenateFirst Reading
  11/29/2016SenateReferred to Assignments
  1/10/2017SenateSession Sine Die

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