Bill Status of HB4045 100th General Assembly
Short Description: PEN CD-VARIOUS
Rep. Robert Martwick
(Sen. John J. Cullerton - Don Harmon)
| 8/4/2017||Senate||Pursuant to Senate Rule 3-9(b) / Referred to Assignments|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Pension Code. In Articles 2, 14, 15, 16, and 17, requires active Tier 1 employees to elect either (i) to have automatic annual increases in retirement and survivor's annuities delayed and reduced or (ii) to maintain current benefits except for additional limits on pensionable salary; provides additional benefits to persons electing item (i). Makes funding changes, including shifting certain costs to employers under Articles 15 and 16. Restricts participation in the General Assembly Retirement System to persons who became participants before the effective date. In Articles 14, 15, and 16, requires those Systems to offer an optional accelerated benefit payment to certain members in lieu of receiving a pension. Provides separate benefits for certain persons who become participants under Article 14, 15, or 16. Requires those retirement systems to establish a defined contribution plan for certain members; in Articles 7, 8, 9, 10, 11, 12, 13, and 17, establishes similar benefits if the governing body of the unit of local government adopts those benefits. In Article 17, requires the State to contribute $215,200,000 for fiscal year 2017. Provides a continuing appropriation for the Article 17 State contribution and for certain consideration payments. Amends various Acts to make conforming changes. Provides for the transfer of certain amounts to the Pension Stabilization Fund. Amends the Illinois Educational Labor Relations Act and the Illinois Public Labor Relations Act to prohibit bargaining and interest arbitration regarding certain changes made by the amendatory Act; exempts certain existing agreements. Makes other changes. Includes severability provisions. Effective immediately.
House Floor Amendment No. 1
|Deletes reference to: |
|5 ILCS 315/7.6 new|
|Adds reference to: |
|40 ILCS 5/1-167 new|
Replaces everything after the enacting clause. Amends the General Provisions Article of the Illinois Pension Code. Provides that the Board of any pension fund or retirement system may authorize active Tier 1 employees to elect to have automatic annual increases in retirement and survivor's annuities delayed and reduced. Provides that a Tier 1 employee who makes that election is entitled to have contributions reduced to a specified rate and to receive a consideration payment of 10% of contributions made prior to the election. Provides separate benefits for persons who, on or after July 1, 2018, first become participants or members under the State Universities or Downstate Teachers Article or a noncovered participant under the State Employees Article. Authorizes persons who first become members or participants of those Systems on or after July 1, 2018 to elect the Tier 2 benefits in lieu of those separate benefits. Authorizes Tier 2 members to elect those separate benefits in lieu of the Tier 2 benefits. Requires those retirement systems to establish a voluntary defined contribution plan for certain Tier 1 members. In the Chicago Municipal, Cook County, Cook County Forest Preserve, Chicago Laborers, Chicago Park District, and Chicago Teachers Articles, establishes similar benefits if the governing body of the unit of local government adopts those benefits by resolution or ordinance. In the State Employee, State Universities, and Downstate Teachers Articles, authorizes those Systems to calculate the net present value of the pension benefits for certain inactive members and to offer those members the opportunity to elect to receive an accelerated pension benefit payment equal to 70% of the net present value of their pension benefits in lieu of receiving any pension benefit. In the State Universities and Downstate Teachers Articles, shifts certain costs to the local employer. Repeals certain provisions related to defined contributions plans under Public Act 98-599, which has been declared unconstitutional. Amends the State Employees Group Insurance Act of 1971 to make a conforming change. Amends the State Mandates Act to require implementation without reimbursement. Makes other changes.
House Floor Amendment No. 2
Fixes typographical errors.
|Date||Chamber|| Action|| 5/8/2017||House||Filed with the Clerk by Rep. Barbara Flynn Currie|| 5/9/2017||House||First Reading|| 5/9/2017||House||Referred to Rules Committee|| 5/9/2017||House||Assigned to Personnel & Pensions Committee|| 5/16/2017||House||Do Pass / Short Debate Personnel & Pensions Committee; 011-002-001|| 5/17/2017||House||Placed on Calendar 2nd Reading - Short Debate|| 5/17/2017||House||Second Reading - Short Debate|| 5/17/2017||House||Placed on Calendar Order of 3rd Reading - Short Debate|| 5/26/2017||House||Final Action Deadline Extended-9(b) May 31, 2017|| 5/31/2017||House||Final Action Deadline Extended-9(b) June 30, 2017|| 6/28/2017||House||House Floor Amendment No. 1 Filed with Clerk by Rep. Barbara Flynn Currie|| 6/28/2017||House||House Floor Amendment No. 1 Referred to Rules Committee|| 6/28/2017||House||House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-001-000|| 6/28/2017||House||House Floor Amendment No. 2 Filed with Clerk by Rep. Robert Martwick|| 6/28/2017||House||House Floor Amendment No. 2 Referred to Rules Committee|| 6/28/2017||House||House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 003-001-000|| 6/28/2017||House||Chief Sponsor Changed to Rep. Robert Martwick|| 6/28/2017||House||Recalled to Second Reading - Short Debate|| 6/28/2017||House||House Floor Amendment No. 1 Adopted|| 6/28/2017||House||House Floor Amendment No. 2 Adopted|| 6/28/2017||House||Placed on Calendar Order of 3rd Reading - Short Debate|| 6/28/2017||House||Removed from Short Debate Status|| 6/28/2017||House||Placed on Calendar Order of 3rd Reading - Standard Debate|| 6/28/2017||House||Third Reading - Standard Debate - Passed 061-041-000|| 6/28/2017||Senate||Arrive in Senate|| 6/28/2017||Senate||Placed on Calendar Order of First Reading|| 6/28/2017||Senate||Chief Senate Sponsor Sen. John J. Cullerton|| 6/28/2017||Senate||First Reading|| 6/28/2017||Senate||Referred to Assignments|| 6/29/2017||Senate||Rule 2-10 Committee Deadline Established As June 30, 2017|| 6/29/2017||Senate||Assigned to Executive|| 6/29/2017||Senate||Waive Posting Notice|| 6/29/2017||Senate||Do Pass Executive; 011-004-000|| 6/29/2017||Senate||Placed on Calendar Order of 2nd Reading|| 6/29/2017||Senate||Added as Alternate Chief Co-Sponsor Sen. Don Harmon|| 6/29/2017||Senate||Second Reading|| 6/29/2017||Senate||Placed on Calendar Order of 3rd Reading June 30, 2017|| 6/30/2017||Senate||Rule 2-10 Third Reading Deadline Established As June 30, 2017|| 8/4/2017||Senate||Pursuant to Senate Rule 3-9(b) / Referred to Assignments|