Bill Status of HB 1266   98th General Assembly

Short Description:  PENCD-ST SYS-FUNDING RATIO

House Sponsors
Rep. Joe Sosnowski

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-103.3
40 ILCS 5/2-124from Ch. 108 1/2, par. 2-124
40 ILCS 5/14-131
40 ILCS 5/15-155from Ch. 108 1/2, par. 15-155
40 ILCS 5/16-158from Ch. 108 1/2, par. 16-158
40 ILCS 5/18-131from Ch. 108 1/2, par. 18-131

Synopsis As Introduced
Amends the Illinois Pension Code. Increases the prescribed funding ratio for the 5 State-funded retirement systems from 90% to 100%. Makes corresponding changes in the funding formula for each system. Effective immediately.

Actions 
DateChamber Action
  2/4/2013HouseFiled with the Clerk by Rep. Joe Sosnowski
  2/4/2013HouseFirst Reading
  2/4/2013HouseReferred to Rules Committee
  2/13/2013HouseAssigned to Personnel and Pensions Committee
  3/22/2013HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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