Rep. Michael J. Madigan

Filed: 5/27/2009

09600SB1186ham001 HDS096 00040 CIN 10040 a

AMENDMENT TO SENATE BILL 1186

    AMENDMENT NO. ______. Amend Senate Bill 1186, by replacing everything after the enacting clause with the following:

“ARTICLE 1

    Section 5.  The following amounts, or so much thereof as may be necessary, respectively, are appropriated to the Teachers' Retirement System of the State of Illinois for the State's contributions, as provided by law:

  Payable from the Common School Fund........ 2,087,668,000

    Section 10.  The following named amount, or so much thereof as may be necessary, respectively, is appropriated from the Education Assistance Fund to the Teachers' Retirement System for the objects and purposes hereinafter named:

  For additional costs due to the establishment

   of minimum retirement allowances

   pursuant to Sections 16-136.2 and

   16-136.3 of the "Illinois

   Pension Code", as amended..................... 1,600,000

    Section 15.  The amount of $79,007,000, or so much thereof as may be necessary, is appropriated from the Education Assistance Fund to the Teachers’ Retirement System of the State of Illinois for transfer into the Teachers’ Health Insurance Security Fund as the state’s contribution for teachers’ health insurance.

    Section 20.  The sum of $175,054,000, minus the amount transferred to the State Universities Retirement System pursuant to continuing appropriation authorized by the State Pensions Fund Continuing Appropriation Act, is appropriated from the State Pensions Fund to the Board of Trustees of the State Universities Retirement System of Illinois pursuant to the provisions of Section 8.12 of "AN ACT in relation to State finance", approved June 10, 1919, as amended.

    Section 25.  The following amounts, or so much thereof as may be necessary, respectively, are appropriated to the Board of Trustees of the State Universities Retirement System for the State's contribution, as provided by law:

  Payable from the Education Assistance Fund... 527,460,000

    Section 30.  The sum of $4,059,500, or so much thereof as may be necessary, is appropriated from the Education Assistance Fund to the State Universities Retirement System for deposit into the Community College Health Insurance Security Fund for the State's contribution, as required by law.

    Section 35.  The sum of $723,703,100, or so much thereof as may be necessary, is appropriated from the General Revenue Fund to the Board of Trustees of the State Employees' Retirement System for the State's Contribution, which includes the amount certified pursuant to Section 14-135.08 of the Pension Code, necessary to pay principal of and interest on the general obligation bonds authorized by Section 7.2(a) of the General Obligation Bond Act the proceeds of which were deposited by the State with the System pursuant to Public Act 93-0002.

    Section 40.  The sum of $78,832,000, or so much thereof as may be necessary, is appropriated from the General Revenue Fund to the Board of Trustees of the Judges' Retirement System for the State's Contribution, as provided by law.

    Section 45.  The sum of $10,454,000, or so much thereof as may be necessary, is appropriated from the General Revenue Fund to the Board of Trustees of the General Assembly Retirement System for the State's Contribution, as provided by law.

ARTICLE 99

Section 99.  Effective date.  This Act takes effect July 1, 2009.”.