Full Text of HJR0065 96th General Assembly
HJ0065eng 96TH GENERAL ASSEMBLY
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| HOUSE JOINT RESOLUTION 65
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| WHEREAS, Governor Quinn and members of the General Assembly | 3 |
| have proposed changes in the benefits that are offered to | 4 |
| public employees who are members of State-funded pension | 5 |
| systems; and
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| WHEREAS, Seventy-eight percent of all public employees in | 7 |
| Illinois do not receive Social Security; and | 8 |
| WHEREAS, The retirement benefits provided by the Teachers' | 9 |
| Retirement System of the State of Illinois, the State | 10 |
| Universities Retirement System, and the State Employees' | 11 |
| Retirement System of Illinois are the primary source of | 12 |
| retirement security for public employees; and
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| WHEREAS, The State of Illinois has a duty to thoroughly | 14 |
| discuss and analyze the effects of any changes made to the | 15 |
| current systems; therefore, be it
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| RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE | 17 |
| NINETY-SIXTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE | 18 |
| SENATE CONCURRING HEREIN, that there is created the Pension | 19 |
| System Modernization Task Force; and be it further
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| RESOLVED, That the Task Force shall be charged with the |
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| following tasks: | 2 |
| (1) analyze the public policy implications of changing | 3 |
| pension benefits on the State of Illinois' ability to | 4 |
| attract and retain public employees, teachers, and | 5 |
| University professionals; and | 6 |
| (2) analyze the level of the current pension benefit | 7 |
| structure in Illinois as it compares to other states in the | 8 |
| geographical region and to other states that have systems | 9 |
| that are not coordinated with Social Security; and | 10 |
| (3) analyze the level of benefit programs currently | 11 |
| being offered in the private sector of our State; and | 12 |
| (4) analyze the long-term costs of our current systems, | 13 |
| including the expected increase in benefit payments, the | 14 |
| effects of continued underperformance in the funds' | 15 |
| investment portfolio, and the effects of increasing life | 16 |
| expectancies on our State-funded systems; and | 17 |
| (5) analyze which pension benefits in Illinois should | 18 |
| be modernized; and be it further
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| RESOLVED, That the Task Force shall be composed of the | 20 |
| following: | 21 |
| (1) two legislative members appointed by the Speaker of | 22 |
| the House; | 23 |
| (2) two legislative members appointed by the President | 24 |
| of the Senate; | 25 |
| (3) two legislative members appointed by the House |
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| Minority Leader; | 2 |
| (4) two legislative members appointed by the Senate | 3 |
| Minority Leader; | 4 |
| (5) two members appointed by the Governor who are | 5 |
| statewide education labor union representatives; | 6 |
| (6) two members appointed by the Governor who are | 7 |
| statewide labor union representatives that do not | 8 |
| represent an education labor union; | 9 |
| (7) four members appointed by the Governor who | 10 |
| represent statewide business organizations, including, but | 11 |
| not limited to, the organizations representing local | 12 |
| chambers of commerce, manufacturers, retail merchants, and | 13 |
| independent businesses; | 14 |
| (8) one member appointed by the Governor who shall act | 15 |
| as chair; and | 16 |
| (9) two members appointed by the Governor, one each | 17 |
| from a different statewide organization representing the | 18 |
| annuitants; and be it further | 19 |
| RESOLVED, That the staff of the Commission on Government | 20 |
| Forecasting and Accountability shall be responsible for | 21 |
| staffing the Task Force in conjunction with the Illinois | 22 |
| pension systems actuaries and staff; and be it further | 23 |
| RESOLVED, That the Task Force shall hold hearings on | 24 |
| pension modernization, no less than one per month, between June |
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| of 2009 and October of 2009; and be it further | 2 |
| RESOLVED, That the Task Force shall recommend pension | 3 |
| benefit changes to modernize these systems; and be it further | 4 |
| RESOLVED, That the Task Force shall report its findings to | 5 |
| the General Assembly and the Governor on or before November 1, | 6 |
| 2009.
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