HJ0113

LRB096 21738 AMC 39428 r





  
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HOUSE JOINT RESOLUTION

  
 
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    WHEREAS, Social Security coverage has never been available 
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for the vast majority of members in the State-funded pension 
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systems; and
  
 
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    WHEREAS, Seventy-eight percent of participants in 
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Illinois' public pension systems do not receive Social 
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Security; and
  
 
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    WHEREAS, Members of these State-funded pension systems who 
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have earned Social Security coverage through past employment 
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have these benefits reduced up to 66% by the Windfall 
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Elimination Provision or the Government Pension Offset; and
  
 
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    WHEREAS, The General Assembly is considering a reduction in 
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pension benefits for future members of these State-funded 
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pension systems; and
  
 
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    WHEREAS, Currently, the normal cost for new members of the 
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retirement systems is below the cost of providing Social 
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Security; and
  
 
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    WHEREAS, The cost of the current benefit plan is lower than 
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what is paid in the private sector for Social Security; and
  
 
 


 






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LRB096 21738 AMC 39428 r




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    WHEREAS, Social Security is a 50-50 pick-up between 
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employees and employers; and
  
 
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    WHEREAS, Current pension reduction proposals would require 
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new members to pick up 80% to 90% of the cost of their 
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retirement; and
  
 
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    WHEREAS, Retirement security for members of State-funded 
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pension systems that are not participating in Social Security 
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is solely dependent on the level of the benefits provided by 
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these systems; and
 
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    WHEREAS, It is prudent for the State of Illinois to study 
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the impact of mandating Social Security for all public 
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employees in State-funded pension systems; and

  
 
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    WHEREAS, The study shall compare the cost of mandating 
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Social Security for new members and the normal cost of those 
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new members; therefore, be it
  
 
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    RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE 
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NINETY-SIXTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE 
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SENATE CONCURRING HEREIN, that the Commission on Government 
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Forecasting and Accountability shall conduct a study to analyze 
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the cost of mandating Social Security coverage for all members 
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of State-funded pension systems; and be it further
  
 
 


 






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    RESOLVED, That the Commission on Government Forecasting 
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and Accountability shall compare the normal cost of the benefit 
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plan offered to current and future members of
State-funded 
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pension systems to the cost of Social Security coverage; and be 
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it further
  
 
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    RESOLVED, That the Commission on Government Forecasting 
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and Accountability shall present the results of this study to 
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the leaders of each legislative caucus and the Governor's 
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office by May 7, 2010; and be it further
 
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    RESOLVED, That a suitable copy of this resolution be 
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delivered to the Commission on Government Forecasting and 
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Accountability.