Bill Status of SB0005 100th General Assembly
Short Description: PEN CD-CTPF-STATE CONTRIBUTION
Sen. John J. Cullerton and Donne E. Trotter
| 5/16/2017||Senate||Placed on Calendar Order of 3rd Reading May 17, 2017|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. Requires the State to contribute to the Fund $215,200,000 for fiscal year 2017 and $221,300,000 for fiscal year 2018; includes provisions for certifications and monthly payments by voucher. Provides that beginning in fiscal year 2019, the State shall contribute an amount equal to the employer normal cost for that fiscal year. Amends the State Pension Funds Continuing Appropriation Act. Provides for a continuing appropriation to the Public School Teachers' Pension and Retirement Fund of Chicago, on a continuing monthly basis, of the amount, if any, by which the total available amount of all other State appropriations to that Retirement Fund for the payment of certain State contributions is less than the total amount of the vouchers for required State contributions lawfully submitted by the Fund for that month under applicable provisions of the Illinois Pension Code. Effective immediately, but this Act does not take effect at all unless Senate Bills 1, 2, 3, 4, 6, 7, 8, 9, 10, 11, 12, and 13 of the 100th General Assembly become law.
Senate Floor Amendment No. 1
Replaces the effective date Section. Effective immediately, but this Act does not take effect at all unless Senate Bills 1, 3, 4, 6, 7, 8, 9, 10, 12, 13, and 16 of the 100th General Assembly become law.
|Date||Chamber|| Action|| 1/11/2017||Senate||Filed with Secretary by Sen. John J. Cullerton|| 1/11/2017||Senate||First Reading|| 1/11/2017||Senate||Referred to Assignments|| 1/12/2017||Senate||Assigned to Executive|| 1/24/2017||Senate||Postponed - Executive|| 1/24/2017||Senate||Re-referred to Assignments|| 1/24/2017||Senate||Approved for Consideration Assignments|| 1/24/2017||Senate||Placed on Calendar Order of 2nd Reading January 24, 2017|| 1/24/2017||Senate||Second Reading|| 1/24/2017||Senate||Placed on Calendar Order of 3rd Reading January 25, 2017|| 2/28/2017||Senate||Senate Floor Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton|| 2/28/2017||Senate||Senate Floor Amendment No. 1 Referred to Assignments|| 2/28/2017||Senate||Senate Floor Amendment No. 1 Be Approved for Consideration Assignments|| 2/28/2017||Senate||Recalled to Second Reading|| 2/28/2017||Senate||Senate Floor Amendment No. 1 Adopted; J. Cullerton|| 2/28/2017||Senate||Placed on Calendar Order of 3rd Reading|| 2/28/2017||Senate||Added as Co-Sponsor Sen. Donne E. Trotter|| 2/28/2017||Senate||Third Reading - Passed; 035-022-001|| 2/28/2017||Senate||Motion Filed to Reconsider Vote Sen. John J. Cullerton|| 5/16/2017||Senate||Motion Prevailed|| 5/16/2017||Senate||Placed on Calendar Order of 3rd Reading May 17, 2017|| 5/17/2017||Senate||Rule 2-10 Third Reading Deadline Established As May 31, 2017|