Bill Status of HB1357

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HB1357 - 104th General Assembly

PENCD-DWNST POL&FIRE-FINANCING
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Laura Faver Dias
Statutes Amended In Order of Appearance
40 ILCS 5/3-125from Ch. 108 1/2, par. 3-125
40 ILCS 5/4-118from Ch. 108 1/2, par. 4-118
30 ILCS 805/8.49 new
Synopsis As Introduced
Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Provides that the annual employer contribution shall include an amount sufficient to bring the total assets of the pension fund up to 90% of the total actuarial liabilities of the pension fund by the end of municipal fiscal year 2050 (instead of 2040). Makes a conforming change. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Actions
Date Chamber Action
1/14/2025 House Filed with the Clerk by Rep. Laura Faver Dias
1/28/2025 House First Reading
1/28/2025 House Referred to Rules Committee
2/11/2025 House Assigned to Personnel & Pensions Committee
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee