Bill Status of HB0254 99th General Assembly
Short Description: PEN CD-ST SYS-FUNDING RATIO
Rep. Joe Sosnowski
| 1/10/2017||House||Session Sine Die|
Statutes Amended In Order of Appearance
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.
|Date||Chamber|| Action|| 1/23/2015||House||Filed with the Clerk by Rep. Joe Sosnowski|| 1/23/2015||House||First Reading|| 1/23/2015||House||Referred to Rules Committee|| 1/10/2017||House||Session Sine Die|