90th General Assembly
Summary of HB2337
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House Sponsors:
SMITH,MICHAEL-MITCHELL-HANNIG-BIGGERT-DAVIS,MONIQUE, 
   MCGUIRE, HOLBROOK, BOLAND, RONEN, BEAUBIEN, BOST, BROWN, 
   CURRIE, WOOLARD, FLOWERS, CAPPARELLI, CHURCHILL, BIGGINS, 
   GIGLIO, SCOTT, LYONS,JOSEPH, FANTIN, GRANBERG, HARTKE, 
   JONES,SHIRLEY, KUBIK, LANG, LOPEZ, KRAUSE, MAUTINO, 
   MOORE,ANDREA, MOORE,EUGENE, MURPHY, NOLAND, O'BRIEN, PHELPS, 
   SCHAKOWSKY, SCULLY, TENHOUSE, TURNER,ART, MCKEON, WIRSING, 
   MULLIGAN, CROTTY, DAVIS,STEVE, HOFFMAN, SILVA, SAVIANO, 
   DEUCHLER, CLAYTON, SLONE, NOVAK, KLINGLER, WINKEL, MEYER, 
   COULSON, DURKIN, GILES, MOFFITT, MYERS, STEPHENS, GASH, 
   LYONS,EILEEN, KOSEL, MCAULIFFE, PUGH, TURNER,JOHN, ACEVEDO, 
   BRUNSVOLD, BUGIELSKI, CURRY,JULIE, DART, FEIGENHOLTZ, 
   HOWARD, JONES,LOU, RIGHTER, SCHOENBERG, STROGER, WINTERS, 
   ROSKAM, KENNER, RUTHERFORD, BRADY AND ERWIN.

Short description: 
PEN CD-ONE-TIME INCREASES                                                  

Synopsis of Bill as introduced:
        Amends the State Employee, State Universities, Downstate Teacher,      
   and Chicago Teacher Articles of the Pension  Code  to  provide  for  a      
   one-time  increase  in  certain  retirement  and survivor's annuities.      
   Amends the  State  Mandates  Act  to  require  implementation  without      
   reimbursement.  Effective immediately.                                      
          PENSION IMPACT NOTE                                                  
          Total increase in unfunded liabilities of $892.9 M, as follows:      
           SERS                                                  $206.8 M      
           SURS                                                   120.0 M      
           TRS                                                    446.1 M      
           CTRS                                                   120.0 M      
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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