Bill Status of HB0254  99th General Assembly

Short Description:  PEN CD-ST SYS-FUNDING RATIO

House Sponsors
Rep. Joe Sosnowski

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

Statutes Amended In Order of Appearance
40 ILCS 5/1-103.3
40 ILCS 5/2-124from Ch. 108 1/2, par. 2-124
40 ILCS 5/14-131
40 ILCS 5/15-155from Ch. 108 1/2, par. 15-155
40 ILCS 5/16-158from Ch. 108 1/2, par. 16-158
40 ILCS 5/18-131from Ch. 108 1/2, par. 18-131


Synopsis As Introduced
Provides that if and only if the Supreme Court of Illinois, in the consolidated case of In re Pension Reform Litigation, No. 118585, finds that either Public Act 98-599 is unconstitutional in its entirety or that the changes made by Public Act 98-599 to certain Sections of the Illinois Pension Code are unconstitutional, the Illinois Pension Code is amended to make changes to the prescribed funding formulas for the 5 State-funded retirement systems. In the Judges Article, increases the funding ratio from 90% to 100%. Makes corresponding changes. Effective immediately.

Actions 
DateChamber Action
  1/23/2015HouseFiled with the Clerk by Rep. Joe Sosnowski
  1/23/2015HouseFirst Reading
  1/23/2015HouseReferred to Rules Committee
  1/10/2017HouseSession Sine Die