Illinois General Assembly - Bill Status for SB3624

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Bill Status of SB3624 102nd General Assembly

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Short Description: PENCD-DWNST POL&FIRE-FINANCING

Senate Sponsors
Sen. Donald P. DeWitte

Last Action

Date	Chamber	Action
1/10/2023	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/3-125

from Ch. 108 1/2, par. 3-125

40 ILCS 5/4-118

from Ch. 108 1/2, par. 4-118

30 ILCS 805/8.46 new

Synopsis As Introduced
Amends the Illinois Pension Code. In the Downstate Police and Downstate Firefighter Articles, provides that the annual employer contribution shall include an amount sufficient to bring the total assets of the pension fund up to 80% (instead of 90%) of the total actuarial liabilities of the pension fund by the end of municipal fiscal year 2040. Amends the State Mandates Act to require implementation without reimbursement.

Actions

Date	Chamber	Action
1/19/2022	Senate	Filed with Secretary by Sen. Donald P. DeWitte
1/19/2022	Senate	First Reading
1/19/2022	Senate	Referred to Assignments
1/10/2023	Senate	Session Sine Die

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