|
| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014 HB3643 Introduced , by Rep. David McSweeney SYNOPSIS AS INTRODUCED: |
| |
Amends the General Assembly Compensation Act. Provides for the suspension of the payment of salary and all other financial remuneration provided under the Act to members of the General Assembly for legislative service until such time as the State Actuary files a written determination with the Index Division of the Office of the Secretary of State stating that a bill has been enacted that will reduce the unfunded accrued liabilities of the State-funded retirement systems, excluding the Judges Retirement System of Illinois, by an amount not less than the reduction in unfunded liabilities estimated by the Commission on Government Forecasting and Accountability to be achieved by Senate Bill No. 1 of the 98th General Assembly, as amended by House Committee Amendment No. 1 and House Floor Amendment No. 3. Effective July 1, 2013.
|
| |
| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
|
|
| | HB3643 | | LRB098 12477 JDS 46923 b |
|
|
1 | | AN ACT concerning government.
|
2 | | Be it enacted by the People of the State of Illinois,
|
3 | | represented in the General Assembly:
|
4 | | Section 5. The General Assembly Compensation Act is amended |
5 | | by adding Section 1.9 as follows: |
6 | | (25 ILCS 115/1.9 new) |
7 | | Sec. 1.9. Payment of salary and financial remuneration |
8 | | suspended for General Assembly members until meaningful |
9 | | pension reform is achieved. |
10 | | (a) Notwithstanding any other provision of this Act, |
11 | | beginning on the effective date of this amendatory Act of the |
12 | | 98th General Assembly, the payment of salary and all other |
13 | | financial remuneration provided under this Act to members of |
14 | | the General Assembly for legislative service is suspended until |
15 | | such time as the State Actuary files a written determination |
16 | | with the Index Division of the Office of the Secretary of |
17 | | State, pursuant to subsection (c) of this Section, stating that |
18 | | a bill has been enacted that will reduce the unfunded accrued |
19 | | liabilities of the State-funded retirement systems, excluding |
20 | | the Judges Retirement System of Illinois, by an amount not less |
21 | | than the reduction in unfunded accrued liabilities estimated by |
22 | | the Commission on Government Forecasting and Accountability to |
23 | | be achieved by Senate Bill No. 1 of the 98th General Assembly, |