Illinois General Assembly - Bill Status for SB2156

Home

Legislation & Laws

Senate

House

My Legislation

Site Map

Previous General Assemblies

Bill Status of SB2156 97th General Assembly

Full Text Votes Witness Slips View All Actions Printer-Friendly Version

Short Description: PEN CD-INCREASES-FUNDING REQD

Senate Sponsors
Sen. William E. Brady

Last Action

Date	Chamber	Action
1/8/2013	Senate	Session Sine Die

Statutes Amended In Order of Appearance

Synopsis As Introduced
Amends the General Assembly, State Employee, State Universities, Downstate Teachers, and Judges Articles of the Illinois Pension Code. Provides that, beginning on the effective date of the amendatory Act, every new benefit increase is contingent upon each affected pension or retirement system (i) having been at least 90% funded according to its most recent annual actuarial valuation and (ii) having received any required State contributions that have come due since the most recent annual actuarial valuation. Specifies that a new benefit increase that does not satisfy this additional requirement is null and void, unless the enactment of that new benefit increase is required to maintain qualified plan status.

Actions

Date	Chamber	Action
2/10/2011	Senate	Filed with Secretary by Sen. William E. Brady
2/10/2011	Senate	First Reading
2/10/2011	Senate	Referred to Assignments
3/2/2011	Senate	Assigned to Pensions and Investments
3/10/2011	Senate	To Pensions & Investments Subcommittee on Pension Reforms
3/18/2011	Senate	Rule 3-9(a) / Re-referred to Assignments
1/8/2013	Senate	Session Sine Die

×