**Sen. Linda Holmes**

**Filed: 3/21/2013**

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1 | `AMENDMENT TO SENATE BILL 2404` ```
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2 | ` ` `AMENDMENT NO. ______. Amend Senate Bill 2404 on page 6, ` | ||||||

3 | `below line 2, by inserting the following:` ```
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4 | ` ` `"` `Payments to the designated retirement systems under this ` | ||||||

5 | `Section, transferred after the effective date of this ` | ||||||

6 | `amendatory Act of the 98th General Assembly, do not reduce and ` | ||||||

7 | `do not constitute payment of any portion of the required State ` | ||||||

8 | `contribution under Article 2, 14, 15, 16, or 18 of the Illinois ` | ||||||

9 | `Pension Code in that fiscal year. Such amounts shall not ` | ||||||

10 | `reduce, and shall not be included in the calculation of, the ` | ||||||

11 | `required State contribution under Article 2, 14, 15, 16, or 18 ` | ||||||

12 | `of the Illinois Pension Code in any future year, until the ` | ||||||

13 | `designated retirement system has received payment of ` | ||||||

14 | `contributions pursuant to this Act.` `"; and ` | ||||||

15 | `on page 8, in line 5, by changing "` `100%` ` ` `90%` ` funded basis" to ` | ||||||

16 | `"` `funding basis as specified in this Section` ` ` `90% funded basis` `"; ` | ||||||

17 | `and` |

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1 | `on page 11, in line 4, by changing "` `80%` `" to "` `100%` `"; and` | ||||||

2 | `on page 14, in line 5, immediately after "` `2045.` `", by inserting ` | ||||||

3 | `"` `If the system's assets reach 100% of its actuarial liabilities ` | ||||||

4 | `before fiscal year 2045, then the State shall contribute an ` | ||||||

5 | `amount needed to maintain the total assets of the system at ` | ||||||

6 | `100% of the actuarial liabilities of the system.` `"; and` | ||||||

7 | `on page 14, in lines 6 and 7, by changing "` `each designated ` | ||||||

8 | `retirement system` `" to "` `the System` `"; and` | ||||||

9 | `on page 14, in line 18, by changing "` `calculation` `" to ` | ||||||

10 | `"` `calculating` `"; and` | ||||||

11 | `on page 18, in line 16, by changing "` `100%` ` ` `90%` ` funded basis" to ` | ||||||

12 | `"` `funding basis as specified in this Section` ` ` `90% funded basis` `"; ` | ||||||

13 | `and` | ||||||

14 | `on page 31, in line 7, immediately after "` `2045.` `", by inserting ` | ||||||

15 | `"` `If the system's assets reach 100% of its actuarial liabilities ` | ||||||

16 | `before fiscal year 2045, then the State shall contribute an ` | ||||||

17 | `amount needed to maintain the total assets of the system at ` | ||||||

18 | `100% of the actuarial liabilities of the system.` `"; and` | ||||||

19 | `on page 31, in lines 8 and 9, by changing "` `each designated ` |

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1 | `retirement system` `" to "` `the System` `"; and` | ||||||

2 | `on page 31, in line 20, by changing "` `calculation` `" to ` | ||||||

3 | `"` `calculating` `"; and` | ||||||

4 | `on page 46, in lines 7 and 8, by changing "` `100%` ` ` `90%` ` funded ` | ||||||

5 | `basis" to "` `funding basis as specified in this Section` ` ` `90% ` | ||||||

6 | `funded basis` `"; and` | ||||||

7 | `on page 59, in line 3, immediately after "` `2045.` `", by inserting ` | ||||||

8 | `"` `If the system's assets reach 100% of its actuarial liabilities ` | ||||||

9 | `before fiscal year 2045, then the State shall contribute an ` | ||||||

10 | `amount needed to maintain the total assets of the system at ` | ||||||

11 | `100% of the actuarial liabilities of the system.` `"; and` | ||||||

12 | `on page 59, in lines 4 and 5, by changing "` `each designated ` | ||||||

13 | `retirement system` `" to "` `the System` `"; and` | ||||||

14 | `on page 59, in line 16, by changing "` `calculation` `" to ` | ||||||

15 | `"` `calculating` `"; and` | ||||||

16 | `on page 72, in lines 8 and 9, by changing "` `100%` ` ` `90%` ` funded ` | ||||||

17 | `basis" to "` `funding basis as specified in this Section` ` ` `90% ` | ||||||

18 | `funded basis` `"; and` | ||||||

19 | `on page 88, in line 16, immediately after "` `2045.` `", by inserting ` |

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1 | `"` `If the system's assets reach 100% of its actuarial liabilities ` | ||||||

2 | `before fiscal year 2045, then the State shall contribute an ` | ||||||

3 | `amount needed to maintain the total assets of the system at ` | ||||||

4 | `100% of the actuarial liabilities of the system.` `"; and` | ||||||

5 | `on page 88, in line 18, by changing "` `each designated retirement ` | ||||||

6 | `system` `" to "` `the System` `"; and` | ||||||

7 | `on page 89, in line 4, by changing "` `calculation` `" to ` | ||||||

8 | `"` `calculating` `".` ```
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