Illinois General Assembly - Bill Status for HB2746
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 Bill Status of HB2746  98th General Assembly


Short Description:  SCHOOL TAX FREEZE-PENSIONS

House Sponsors
Rep. Ron Sandack

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 3005/7from Ch. 127, par. 417
20 ILCS 3005/8from Ch. 127, par. 418
30 ILCS 105/13from Ch. 127, par. 149
30 ILCS 105/24.12 new
30 ILCS 105/24.13 new
30 ILCS 122/20
35 ILCS 200/18-191 new
40 ILCS 5/1-103.3
40 ILCS 5/1-160
40 ILCS 5/1-161 new
40 ILCS 5/2-105.1 new
40 ILCS 5/2-105.2 new
40 ILCS 5/2-108from Ch. 108 1/2, par. 2-108
40 ILCS 5/2-119from Ch. 108 1/2, par. 2-119
40 ILCS 5/2-119.1from Ch. 108 1/2, par. 2-119.1
40 ILCS 5/2-121.1from Ch. 108 1/2, par. 2-121.1
40 ILCS 5/2-124from Ch. 108 1/2, par. 2-124
40 ILCS 5/2-125from Ch. 108 1/2, par. 2-125
40 ILCS 5/2-126from Ch. 108 1/2, par. 2-126
40 ILCS 5/2-134from Ch. 108 1/2, par. 2-134
40 ILCS 5/2-162
40 ILCS 5/14-103.10from Ch. 108 1/2, par. 14-103.10
40 ILCS 5/14-103.40 new
40 ILCS 5/14-103.41 new
40 ILCS 5/14-107from Ch. 108 1/2, par. 14-107
40 ILCS 5/14-108from Ch. 108 1/2, par. 14-108
40 ILCS 5/14-110from Ch. 108 1/2, par. 14-110
40 ILCS 5/14-114from Ch. 108 1/2, par. 14-114
40 ILCS 5/14-131
40 ILCS 5/14-132from Ch. 108 1/2, par. 14-132
40 ILCS 5/14-133from Ch. 108 1/2, par. 14-133
40 ILCS 5/14-135.08from Ch. 108 1/2, par. 14-135.08
40 ILCS 5/14-152.1
40 ILCS 5/15-107.1 new
40 ILCS 5/15-107.2 new
40 ILCS 5/15-111from Ch. 108 1/2, par. 15-111
40 ILCS 5/15-111.1 new
40 ILCS 5/15-113.6from Ch. 108 1/2, par. 15-113.6
40 ILCS 5/15-113.7from Ch. 108 1/2, par. 15-113.7
40 ILCS 5/15-135from Ch. 108 1/2, par. 15-135
40 ILCS 5/15-136from Ch. 108 1/2, par. 15-136
40 ILCS 5/15-155from Ch. 108 1/2, par. 15-155
40 ILCS 5/15-155.1 new
40 ILCS 5/15-156from Ch. 108 1/2, par. 15-156
40 ILCS 5/15-157from Ch. 108 1/2, par. 15-157
40 ILCS 5/15-165from Ch. 108 1/2, par. 15-165
40 ILCS 5/15-198
40 ILCS 5/16-106.4 new
40 ILCS 5/16-106.5 new
40 ILCS 5/16-121from Ch. 108 1/2, par. 16-121
40 ILCS 5/16-121.1 new
40 ILCS 5/16-132from Ch. 108 1/2, par. 16-132
40 ILCS 5/16-133from Ch. 108 1/2, par. 16-133
40 ILCS 5/16-133.1from Ch. 108 1/2, par. 16-133.1
40 ILCS 5/16-152from Ch. 108 1/2, par. 16-152
40 ILCS 5/16-158from Ch. 108 1/2, par. 16-158
40 ILCS 5/16-158.1from Ch. 108 1/2, par. 16-158.1
40 ILCS 5/16-158.2 new
40 ILCS 5/16-203
40 ILCS 5/20-121from Ch. 108 1/2, par. 20-121
40 ILCS 5/20-123from Ch. 108 1/2, par. 20-123
40 ILCS 5/20-124from Ch. 108 1/2, par. 20-124
40 ILCS 5/20-125from Ch. 108 1/2, par. 20-125
105 ILCS 5/17-2.12 new
105 ILCS 5/22-60
110 ILCS 805/3-14.4 new


Synopsis As Introduced
Amends the Property Tax Code to impose a 3-year freeze on tax levies by school districts and community college districts. Amends the School Code and the Public Community College Act to make conforming changes. Amends the Illinois Pension Code. In the General Provisions Article, creates a cash balance plan for new hires of the State Universities and Teachers' Retirement Systems and for certain Tier II participants. In the General Assembly, State Employee, State Universities, and Downstate Teacher Articles, increases the retirement age for certain Tier I members and participants. Changes the conditions of eligibility for, and the amount of, automatic annual increases for Tier I retirees. Increases Tier I employee contributions. Limits pensionable salary for Tier I participants and provides that nothing prohibits an employer from providing additional retirement benefits outside the retirement system for participating employees whose compensation exceeds the new salary limitation. Changes the required State contribution to each of the affected retirement systems. Guarantees certain funding levels. In the State Universities and Downstate Teacher Articles, shifts costs to local employers. Makes other changes. Amends the State Finance Act. To the list of standardized items of appropriation, adds "State retirement contribution for annual normal cost" and "State retirement contribution for unfunded accrued liability". Defines those terms. Amends the Governor's Office of Management and Budget Act. Adds those terms to a list of classifications to be used in the preparation of a State budget. Amends the School Code to strengthen the requirements for reimbursement of State mandates on school districts. Includes an inseverability provision. Effective immediately.

 Pension Note (Government Forecasting & Accountability)
 HB 2746 is substantively similar to the original Biss-Nekritz proposal of the 97th GA. The fiscal impact of that bill is as follows: A recent cost study by SERS’ actuary projects the State to save $326 million in contributions in FY 2014 and over $27 billion in contributions through FY 2045 by adopting the benefit changes in HB 2746. SURS’ actuary projects the State will save $333 million in contributions for FY 2014 and approximately $18.9 billion in contributions through FY 2045 by adopting the benefit changes in this bill. TRS’ actuary projects that the State will be able to reduce contributions in FY 2014 by $1.22 billion by adopting this bill. Additionally, the State is projected to save $114.17 billion in contributions to TRS through FY 2043. TRS’s actuary did not provide data for FY 2044 and 2045.

Actions 
DateChamber Action
  2/21/2013HouseFiled with the Clerk by Rep. Ron Sandack
  2/21/2013HouseFirst Reading
  2/21/2013HouseReferred to Rules Committee
  3/4/2013HouseAssigned to Personnel and Pensions Committee
  3/13/2013HousePension Note Filed
  3/22/2013HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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