Bill Status of SB 2203   98th General Assembly

Short Description:  PENCD-STATE ACTUARY-FUNDING

Senate Sponsors
Sen. Kirk W. Dillard and Patricia Van Pelt

Last Action  View All Actions

DateChamber Action
  1/13/2015SenateSession 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 5/2-134from Ch. 108 1/2, par. 2-134
40 ILCS 5/14-131
40 ILCS 5/14-135.08from Ch. 108 1/2, par. 14-135.08
40 ILCS 5/15-155from Ch. 108 1/2, par. 15-155
40 ILCS 5/15-165from Ch. 108 1/2, par. 15-165
40 ILCS 5/16-158from Ch. 108 1/2, par. 16-158
40 ILCS 5/18-131from Ch. 108 1/2, par. 18-131
40 ILCS 5/18-140from Ch. 108 1/2, par. 18-140

Synopsis As Introduced
Amends the Illinois Pension Code. For the 5 State-funded retirement systems, requires the Board to follow the State Actuary's recommendations when making the final certification of the annual required State contribution. Changes the funding formula to achieve 100% funding in 30 years. Also makes technical changes. Effective immediately.

Actions 
DateChamber Action
  2/15/2013SenateFiled with Secretary by Sen. Kirk W. Dillard
  2/15/2013SenateFirst Reading
  2/15/2013SenateReferred to Assignments
  3/5/2013SenateAssigned to Executive
  3/6/2013SenateTo Subcommittee on Special Issues (EX)
  3/14/2013SenatePostponed - Subcommittee on Special Issues
  3/22/2013SenateRule 3-9(a) / Re-referred to Assignments
  4/16/2013SenateAdded as Co-Sponsor Sen. Patricia Van Pelt
  1/13/2015SenateSession Sine Die

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