Illinois General Assembly - Bill Status for SB 35

Amends the General Provisions, General Assembly, State Employee, State Universities, and Downstate Teacher Articles of the Illinois Pension Code. In the General Provisions Article, creates a cash balance plan for new hires of the State Universities and Teachers' Retirement Systems and for certain Tier II participants. Increases the retirement age for certain Tier I members and participants. Changes the conditions of eligibility for, and the amount of, automatic annual increases for Tier I retirees. Increases required employee contributions for Tier I members and participants. Limits pensionable salary for Tier I participants. Changes the required State contribution to each of the affected retirement systems so that those systems are 100% funded by 2043. Guarantees certain funding levels. In the State Universities and Downstate Teacher Articles, shifts costs to local employers. Makes other changes. Amends the State Finance Act. To the list of standardized items of appropriation, adds "State retirement contribution for annual normal cost" and "State retirement contribution for unfunded accrued liability". Defines those terms. Amends the Governor's Office of Management and Budget Act. Adds those terms to a list of classifications to be used in statements and estimates of expenditures submitted to the Office in connection with the preparation of a State budget. Amends the State Mandates Act to require implementation without reimbursement. Includes an inseverability provision. Makes other changes. Effective immediately.

Replaces everything after the enacting clause. Amends the General Provisions, General Assembly, State Employee, State Universities, and Downstate Teacher Articles of the Illinois Pension Code. In the Downstate Teacher and State Universities Articles, creates a Tier 3 composite defined-benefit, defined-contribution retirement plan for employees hired on or after January 1, 2014 and certain others. Makes corresponding changes in other parts of those Articles and in the Retirement Systems Reciprocal Act. Increases the retirement age for certain Tier I members and participants. Changes the conditions of eligibility for, and the amount of, automatic annual increases for Tier I retirees. Increases required employee contributions for Tier I members and participants. Limits pensionable salary for Tier I and Tier 3 participants. Changes the required State contribution to each of the affected retirement systems so that those systems are 100% funded by 2043. Adds State funding guarantees. Makes other changes. Amends the Illinois Public Labor Relations Act to provide that this amendatory Act takes precedence. Amends the State Finance Act. To the list of standardized items of appropriation, adds "State retirement contribution for annual normal cost" and "State retirement contribution for unfunded accrued liability". Defines those terms. Amends the Governor's Office of Management and Budget Act. Adds those terms to a list of classifications to be used in statements and estimates of expenditures submitted to the Office in connection with the preparation of a State budget. Amends the State Mandates Act to require implementation without reimbursement. Includes an inseverability provision. Makes other changes. Effective immediately.

In each of the funding guarantee provisions, removes a provision that prohibited the court-ordered payment schedule from significantly imperiling the public health, safety, or welfare.

Delays the start of the funding changes from FY 2014 to FY 2015; retains the 30-year amortization period.

Changes the manner of calculating automatic annual increases in retirement annuity. Requires the board of trustees of each affected retirement system to bring a mandamus action in circuit court if the State fails to pay in a fiscal year specified amounts. Requires the boards to submit a voucher for monthly contributions before commencing such an action. Requires the boards to submit a written voucher for payment if the State fails to pay the vouchered amounts within 90 days. Requires a copy of the request to be filed with the Secretary of State, who shall, in turn, provide copies of the request to the Governor and General Assembly. Provides that no earlier than the 16th day after filing such a request with the Secretary, but no later than the 21st day after filing the request, the applicable board of trustees may commence a mandamus action in the circuit court. Provides that if a board fails to commence such an action on or before the 21st day after filing the request with the Secretary of State, then any participant or annuitant may file a mandamus action against the board to compel the board to commence its mandamus action against the State. Waives the State's sovereign immunity. Specifies that the obligations and cause of action created in the funding obligation provisions are in addition to any other right or remedy otherwise provided by law. Specifies that those provisions are not to be construed to deny, abrogate, impair, or waive any other right or remedy.

Date	Chamber	Action
3/20/2013	Senate	Third Reading - Lost; 023-030-003

Date	Chamber	Action
1/10/2013	Senate	Filed with Secretary by Sen. Daniel Biss
1/10/2013	Senate	First Reading
1/10/2013	Senate	Referred to Assignments
1/22/2013	Senate	Added as Co-Sponsor Sen. Bill Cunningham
2/7/2013	Senate	Assigned to Executive
2/13/2013	Senate	Postponed - Executive
2/15/2013	Senate	Added as Co-Sponsor Sen. Heather A. Steans
2/27/2013	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Daniel Biss
2/27/2013	Senate	Senate Committee Amendment No. 1 Referred to Assignments
3/5/2013	Senate	Senate Committee Amendment No. 1 Assignments Refers to Executive
3/7/2013	Senate	Added as Chief Co-Sponsor Sen. Patricia Van Pelt
3/13/2013	Senate	Senate Committee Amendment No. 2 Filed with Secretary by Sen. Daniel Biss
3/13/2013	Senate	Senate Committee Amendment No. 2 Referred to Assignments
3/13/2013	Senate	Senate Committee Amendment No. 2 Assignments Refers to Executive
3/13/2013	Senate	Added as Chief Co-Sponsor Sen. Michael Noland
3/13/2013	Senate	Senate Committee Amendment No. 1 Adopted
3/13/2013	Senate	Senate Committee Amendment No. 2 Adopted
3/13/2013	Senate	Do Pass as Amended Executive; 011-004-000
3/13/2013	Senate	Placed on Calendar Order of 2nd Reading
3/13/2013	Senate	Second Reading
3/13/2013	Senate	Placed on Calendar Order of 3rd Reading March 14, 2013
3/15/2013	Senate	Senate Floor Amendment No. 3 Filed with Secretary by Sen. Daniel Biss
3/15/2013	Senate	Senate Floor Amendment No. 3 Referred to Assignments
3/19/2013	Senate	Senate Floor Amendment No. 3 Assignments Refers to Executive
3/19/2013	Senate	Senate Floor Amendment No. 4 Filed with Secretary by Sen. Daniel Biss
3/19/2013	Senate	Senate Floor Amendment No. 4 Referred to Assignments
3/20/2013	Senate	Senate Floor Amendment No. 3 Re-referred to Assignments
3/20/2013	Senate	Senate Floor Amendment No. 3 Be Approved for Consideration Assignments
3/20/2013	Senate	Senate Floor Amendment No. 4 Be Approved for Consideration Assignments
3/20/2013	Senate	Recalled to Second Reading
3/20/2013	Senate	Senate Floor Amendment No. 3 Adopted; Biss
3/20/2013	Senate	Senate Floor Amendment No. 4 Adopted; Biss
3/20/2013	Senate	Placed on Calendar Order of 3rd Reading March 20, 2013
3/20/2013	Senate	Added as Co-Sponsor Sen. Dan Duffy
3/20/2013	Senate	Third Reading - Lost; 023-030-003