103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB3136

 

Introduced 2/17/2023, by Rep. Stephanie A. Kifowit

 

SYNOPSIS AS INTRODUCED:
 
15 ILCS 20/50-23 new

    Amends the State Budget Law of the Civil Administrative Code of Illinois. Provides that, if, in any State fiscal year, there is a budget surplus, then, in the next State fiscal year, the General Assembly shall appropriate to the retirement systems established under the General Assembly, State Employees, State Universities, Downstate Teachers, and Judges Articles of the Illinois Pension Code an additional 1% of the amount contributed by the State under those Articles in the immediately preceding State fiscal year.


LRB103 29963 HLH 56380 b

 

 

A BILL FOR

 

HB3136LRB103 29963 HLH 56380 b

1    AN ACT concerning State government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The State Budget Law of the Civil
5Administrative Code of Illinois is amended by adding Section
650-23 as follows:
 
7    (15 ILCS 20/50-23 new)
8    Sec. 50-23. Budget surplus; pension. If, in any State
9fiscal year, there is a budget surplus, then, in the next State
10fiscal year, the General Assembly shall appropriate to the
11retirement systems established under Articles 2, 14, 15, 16,
12and 18 of the Illinois Pension Code an additional 1% of the
13amount contributed by the State under those Articles in the
14immediately preceding State fiscal year.