Bill Status of HB 1277   98th General Assembly


Short Description:  PENCD-ST SYS-NEW COST METHOD

House Sponsors
Rep. Darlene J. Senger

Senate Sponsors
(Sen. William E. Brady)


Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
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. In the current funding provisions of the 5 State-funded retirement systems, changes the actuarial cost method from "projected unit credit" to "entry age normal". Effective immediately.

Actions 
DateChamber Action
  2/5/2013HouseFiled with the Clerk by Rep. Darlene J. Senger
  2/5/2013HouseFirst Reading
  2/5/2013HouseReferred to Rules Committee
  2/13/2013HouseAssigned to Personnel and Pensions Committee
  3/21/2013HouseDo Pass / Short Debate Personnel and Pensions Committee; 010-000-000
  3/22/2013HousePlaced on Calendar 2nd Reading - Short Debate
  4/8/2013HouseSecond Reading - Short Debate
  4/8/2013HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/12/2013HouseThird Reading - Short Debate - Passed 106-000-000
  4/12/2013SenateArrive in Senate
  4/12/2013SenatePlaced on Calendar Order of First Reading April 16, 2013
  4/17/2013SenateChief Senate Sponsor Sen. William E. Brady
  4/18/2013SenateFirst Reading
  4/18/2013SenateReferred to Assignments
  4/24/2013SenateAssigned to Executive
  5/1/2013SenateTo Subcommittee on Special Issues (EX)
  5/10/2013SenateRule 2-10 Committee Deadline Established As May 31, 2013
  8/9/2013SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  12/3/2014HouseSession Sine Die

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