Illinois General Assembly - Bill Status for HB3919
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 Bill Status of HB3919  101st General Assembly


Short Description:  PEN CD-TIER 3 PLAN

House Sponsors
Rep. Allen Skillicorn - Blaine Wilhour

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-163 new


Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code. Provides that each retirement system under the General Assembly, State Employees, State Universities, Downstate Teachers, and Judges Article shall prepare and implement a Tier 3 plan that aggregates employee and State contributions in individual participant accounts that, after meeting any other requirements, are used for payouts after retirement in accordance with any applicable laws. Provides that beginning January 1, 2021, members or participants of those retirement systems, regardless of whether they became members or participants before January 1, 2021, shall participate in the Tier 3 plan in lieu of any other plan under those Articles. Effective immediately.

Actions 
DateChamber Action
  10/16/2019HouseFiled with the Clerk by Rep. Allen Skillicorn
  10/17/2019HouseFirst Reading
  10/17/2019HouseReferred to Rules Committee
  12/12/2019HouseAdded Chief Co-Sponsor Rep. Blaine Wilhour
  1/13/2021HouseSession Sine Die

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