Bill Status of SB2197  100th General Assembly


Short Description:  PENCD-SURS-EMPLOYER NORMAL CST

Senate Sponsors
Sen. Kyle McCarter - Dan McConchie

Last Action
DateChamber Action
  4/27/2017SenateReferred to Assignments

Statutes Amended In Order of Appearance
40 ILCS 5/15-155from Ch. 108 1/2, par. 15-155
40 ILCS 5/15-165from Ch. 108 1/2, par. 15-165
30 ILCS 805/8.41 new


Synopsis As Introduced
Amends the State Universities Article of the Illinois Pension Code. Requires the actual employer to contribute an amount equal to the full employer's normal cost of the benefits earned under this System that result from employment by that employer, to be paid to the System on a payroll-by-payroll basis, using the percentage of earnings determined on a system-wide basis and certified by the System to all employers for use in the applicable fiscal year. Requires immediate and annual certification of the applicable percentage rate. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  4/27/2017SenateFiled with Secretary by Sen. Kyle McCarter
  4/27/2017SenateFirst Reading
  4/27/2017SenateReferred to Assignments
  4/28/2017SenateAdded as Chief Co-Sponsor Sen. Dan McConchie