Illinois General Assembly - Bill Status for HB1185
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 Bill Status of HB1185  103rd General Assembly


Short Description:  PENCD-DWNST POL&FIRE-FINANCING

House Sponsors
Rep. Dave Vella and Laura Faver Dias

Hearings
Personnel & Pensions Committee Hearing Feb 22 2024 10:00AM Capitol Building 118 and Virtual Room 1 Springfield, IL


Last Action
DateChamber Action
  1/31/2024HouseAssigned to Personnel & Pensions Committee

Statutes Amended In Order of Appearance
40 ILCS 5/3-125from Ch. 108 1/2, par. 3-125
40 ILCS 5/4-118from Ch. 108 1/2, par. 4-118
30 ILCS 805/8.47 new


Synopsis As Introduced
Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Provides that the annual employer contribution shall include an amount sufficient to bring the total assets of the pension fund up to 90% of the total actuarial liabilities of the pension fund by the end of municipal fiscal year 2050 (instead of 2040). Makes a conforming change. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  1/17/2023HouseFiled with the Clerk by Rep. Dave Vella
  1/31/2023HouseFirst Reading
  1/31/2023HouseReferred to Rules Committee
  11/14/2023HouseAdded Co-Sponsor Rep. Laura Faver Dias
  1/31/2024HouseAssigned to Personnel & Pensions Committee

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