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Sen. Don Harmon
Filed: 4/30/2008
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09500HB1702sam003 |
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LRB095 07885 AMC 50044 a |
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| AMENDMENT TO HOUSE BILL 1702
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| AMENDMENT NO. ______. Amend House Bill 1702, AS AMENDED, |
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| with reference to page and line numbers of Senate Amendment No. |
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| 2, on page 1, line 5, by replacing "14-152.1" with "14-152.2 |
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| and by adding Section 14-131.1"; and
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| by replacing line 7 on page 21 through line 10 on page 23 with |
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| the following:
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| "(40 ILCS 5/14-131.1 new)
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| Sec. 14-131.1. Contributions by the
Illinois State Toll |
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| Highway Authority. The Illinois State Toll Highway Authority |
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| must make contributions to the System of amounts that will be |
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| sufficient to meet the cost of any additional liability created |
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| by this amendatory Act of the 95th General Assembly for its |
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| employees. The Board shall determine the total amount of the |
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| contributions required on the basis of actuarial tables and |
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| other assumptions adopted by the Board and shall certify the |
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09500HB1702sam003 |
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LRB095 07885 AMC 50044 a |
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| amount of the required contributions to the Governor and the |
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| Illinois State Toll Highway Authority on or before November 15, |
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| 2008. The contributions required under this Section may be |
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| amortized over a period of not more than 10 years as a level |
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| dollar amount in a manner consistent with rules adopted by the |
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| Board.
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| (40 ILCS 5/14-152.2)
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| Sec. 14-152.2. New benefit increases. |
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| (a) The General Assembly finds and declares that the |
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| amendment to Section 14-104 made by this amendatory Act of the |
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| 95th General Assembly that allows members to establish |
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| creditable service for certain participation in the University |
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| of Illinois Government Public Service Internship Program |
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| (GPSI) constitutes a new benefit increase within the meaning of |
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| Section 14-152.1. Funding for this new benefit increase will be |
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| provided by additional employee contributions under subsection |
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| (r) of Section 14-104.
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| (b) The General Assembly finds and declares that the |
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| amendment to Section 14-110 made by this amendatory Act of the |
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| 95th General Assembly that adds certain groups of employees to |
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| the alternative formula constitutes a new benefit increase |
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| within the meaning of Section 14-152.1. This new benefit |
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| increase will expire 5 years after the effective date of this |
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| amendatory Act. Funding for this new benefit increase will be |
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| provided by annual contributions from the Illinois State Toll |