POE-KLINGLER-HANNIG-PHELPS-JONES,JOHN, WOOLARD, GRANBERG, BOST, WINKEL, MYERS, WIRSING, BRADY, RUTHERFORD, BLACK, NOLAND, BEAUBIEN, STEPHENS, MOFFITT, MEYER, MURPHY, MITCHELL, LAWFER, HOEFT, TURNER,JOHN, WAIT AND DURKIN. (BOMKE-MYERS,J-MAITLAND-MADIGAN,R-DEMUZIO) New Act Creates the Public Employee Pension Equity Act. Contains only the short title. PENSION IMPACT NOTE No fiscal impact at this time. PENSION IMPACT NOTE, ENGROSSED No change from previous note. SENATE AMENDMENT NO. 1. Adds reference to: 5 ILCS 375/3 from Ch. 127, par. 523 5 ILCS 375/10 from Ch. 127, par. 530 30 ILCS 105/14a from Ch. 127, par. 150a 40 ILCS 5/14-103.12 from Ch. 108 1/2, par. 14-103.1 40 ILCS 5/14-108 from Ch. 108 1/2, par. 14-108 40 ILCS 5/14-131 from Ch. 108 1/2, par. 14-131 40 ILCS 5/15-134 from Ch. 108 1/2, par. 15-134 40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-135 40 ILCS 5/15-136 from Ch. 108 1/2, par. 15-136 Replaces everything. Amends the State Employee Article of the Pension Code to provide for a new retirement formula of 1.67% per year of service for regular coordinated members and 2.2% per year of service for regular noncoordinated members. Also allows persons who retire under the alternative (State police) formula to have their benefits based on last-day salary rather than a 48-month average. Increases the required State contribution to the System through FY 2011. Amends the State Universities Article of the Pension Code to provide for a new retirement formula of 2.2% per year of service. Increases the maximum retirement annuity from 75% to 80% of the final rate of earnings. For persons who retire after 1997 and before 2003, allows retirement at any age with a specified amount of service (between 30 and 35 years). Amends the State Employees Group Insurance Act of 1971 to require that certain new annuitants and survivors of the State Employees' Retirement System and the State Universities Retirement System make contributions toward the cost of their basic group health insurance. Requires the Executive Secretary of SERS to verify health care premiums. Amends the State Finance Act to provide that State employees shall not be entitled to compensation for unused sick leave accumulated on or after January 1, 1998. Effective immediately. SENATE AMENDMENT NO. 3. Changes language relating to review of State employee group health plan premiums by the Executive Secretary of the State Employees' Retirement System. SENATE AMENDMENT NO. 4. Adds reference to: 40 ILCS 5/15-112 from Ch. 108 1/2, par. 15-112 40 ILCS 5/15-113.2 from Ch. 108 1/2, par. 15-113.2 40 ILCS 5/15-113.3 from Ch. 108 1/2, par. 15-113.3 40 ILCS 5/15-113.4 from Ch. 108 1/2, par. 15-113.4 40 ILCS 5/15-113.5 from Ch. 108 1/2, par. 15-113.5 40 ILCS 5/15-113.7 from Ch. 108 1/2, par. 15-113.7 40 ILCS 5/15-125 from Ch. 108 1/2, par. 15-125 40 ILCS 5/15-136.2 from Ch. 108 1/2, par. 15-136.2 40 ILCS 5/15-143 from Ch. 108 1/2, par. 15-143 40 ILCS 5/15-153.2 from Ch. 108 1/2, par. 15-153.2 40 ILCS 5/15-157 from Ch. 108 1/2, par. 15-157 40 ILCS 5/15-167.2 from Ch. 108 1/2, par. 15-167.2 40 ILCS 5/15-168.1 new 40 ILCS 5/15-185 from Ch. 108 1/2, par. 15-185 40 ILCS 5/15-190 from Ch. 108 1/2, par. 15-190 40 ILCS 5/15-191 from Ch. 108 1/2, par. 15-191 Amends the State Universities Article of the Pension Code. Increases the System's authority to issue bonds, allowing up to $20,000,000 to be outstanding at any one time. Limits existing benefits by: (i) excluding certain earnings after June 30, 1997 from the calculation of the final rate of earnings; (ii) imposing additional requirements on return to service following a leave of absence; (iii) requiring a return to service within one year after discharge in order to obtain credit for military service; (iv) removing a provision allowing beneficiaries to elect to receive death benefits in multiple payments; and (v) limiting credit for unused sick leave. (Article 13, Section 5 of the Illinois Constitution may prevent these limitations from applying to certain current or former members.) Changes the definition of "effective rate of interest" by adding additional factors to be included in determining the rate, including the desirability of minimizing volatility in the rate from year to year; states that the change is a clarification of existing law. Changes provisions relating to the calculation of interest when purchasing military service credit. Grants the Secretary of the Board the power to issue subpoenas. Allows annuitants and beneficiaries to authorize withholding from their annuities and benefits. Allows the System to pay benefits to the trustee of a trust created for the benefit of a minor or person under legal disability; provides that the System is not responsible for determining the validity of the trust and must conclusively rely on the representations of the trustee. Extends the deadline for early retirement without discount to September 1, 2002. Allows a person formerly employed by the University of Illinois athletic association to become a participant. Also makes technical changes. 97-01-08 H FIRST READING 97-01-08 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-01-22 H ASSIGNED TO COMMITTEE PERS PENSION 97-01-27 H ADDED AS A JOINT SPONSOR KLINGLER 97-03-07 H PENSION NOTE FILED 97-03-07 H COMMITTEE PERS PENSION 97-03-21 H DO PASS/SHORT DEBATE 013-000-000 HPPN 97-03-21 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-04-08 H SECOND READING-SHORT DEBATE 97-04-08 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-04-09 H ADDED AS A CO-SPONSOR GRANBERG 97-04-12 H THIRD READING/SHORT DEBATE/PASSED 105-008-001 97-04-12 H ADDED AS A CO-SPONSOR HANNIG 97-04-14 S ARRIVE IN SENATE 97-04-14 S PLACED CALENDAR ORDER OF FIRST READING 97-04-14 S CHIEF SPONSOR BOMKE 97-04-14 S FIRST READING 97-04-14 S REFERRED TO SENATE RULES COMMITTEE RULES 97-04-18 S ADDED AS A CHIEF CO-SPONSOR MYERS,J 97-04-25 S ASSIGNED TO COMMITTEE INS & PENS. 97-04-30 S PENSION NOTE FILED AS ENGROSSED 97-05-09 S DO PASS 010-000-000 SINS 97-05-09 S PLACED ON CALENDAR ORDER OF 2ND READING 97-05-12 97-05-13 S SECOND READING 97-05-13 S PLACED ON CALENDAR ORDER OF 3RD READING 97-05-14 97-05-16 S PURSUANT TO RULE 97-05-16 S 2-10(E), DEADLINE 97-05-16 S FOR FINAL ACTION 97-05-16 S IS EXTENDED TO 97-05-16 S MAY 31, 1997. 97-05-30 S PURSUANT TO RULE 97-05-30 S 2-10(E), DEADLINE 97-05-30 S FOR FINAL ACTION 97-05-30 S IS EXTENDED TO 97-05-30 S JANUARY 1, 1998. 97-05-30 S FILED WITH SECRETARY 97-05-30 S AMENDMENT NO. 01-BOMKE 97-05-30 S AMENDMENT REFERRED TO SRUL 97-05-30 S FILED WITH SECRETARY 97-05-30 S AMENDMENT NO. 02-BOMKE 97-05-30 S AMENDMENT REFERRED TO SRUL 97-05-30 S ADDED AS A CHIEF CO-SPONSOR MAITLAND 97-05-30 S ADDED AS A CHIEF CO-SPONSOR MADIGAN 97-05-30 S ADDED AS A CHIEF CO-SPONSOR DEMUZIO 97-05-30 S ADDED AS A CO-SPONSOR LUECHTEFELD 97-05-30 S AMENDMENT NO. 01-BOMKE 97-05-30 S RULES REFERS TO SINS 97-05-30 S AMENDMENT NO. 02-BOMKE 97-05-30 S RULES REFERS TO SINS 97-05-30 S FILED WITH SECRETARY 97-05-30 S AMENDMENT NO. 03-BOMKE 97-05-30 S AMENDMENT REFERRED TO SRUL 97-05-30 S FILED WITH SECRETARY 97-05-30 S AMENDMENT NO. 04-MAITLAND 97-05-30 S AMENDMENT REFERRED TO SRUL 97-05-30 S AMENDMENT NO. 02-BOMKE 97-05-30 S SINS BACK TO SRUL 97-05-30 S AMENDMENT NO. 03-BOMKE 97-05-30 S RULES REFERS TO SINS 97-05-30 S AMENDMENT NO. 04-MAITLAND 97-05-30 S RULES REFERS TO SINS 97-05-30 S ADDED AS A CO-SPONSOR OBAMA 97-05-30 S ADDED AS A CO-SPONSOR HALVORSON 97-05-30 S ADDED AS A CO-SPONSOR FARLEY 97-05-30 S ADDED AS A CO-SPONSOR CLAYBORNE 97-05-30 S ADDED AS A CO-SPONSOR BOWLES 97-05-31 S ADDED AS A CO-SPONSOR REA 97-05-31 H ADDED AS A CO-SPONSOR PHELPS 97-05-31 H ADDED AS A CO-SPONSOR KOSEL 97-05-31 H ADDED AS A CO-SPONSOR JONES,JOHN 97-05-31 H ADDED AS A CO-SPONSOR BOST 97-05-31 H ADDED AS A CO-SPONSOR WINKEL 97-05-31 H ADDED AS A CO-SPONSOR MYERS 97-05-31 H ADDED AS A CO-SPONSOR WIRSING 97-05-31 H ADDED AS A CO-SPONSOR BRADY 97-05-31 H ADDED AS A CO-SPONSOR RUTHERFORD 97-05-31 S AMENDMENT NO. 01-BOMKE 97-05-31 S BE ADOPTED SINS/009-000-000 97-05-31 S AMENDMENT NO. 03-BOMKE 97-05-31 S BE ADOPTED SINS/009-000-000 97-05-31 S AMENDMENT NO. 04-MAITLAND 97-05-31 S BE ADOPTED SINS/009-000-000 97-05-31 S ADDED AS A CO-SPONSOR HAWKINSON 97-05-31 S ADDED AS A CO-SPONSOR BURZYNSKI 97-05-31 S ADDED AS A CO-SPONSOR LUECHTEFELD 97-05-31 S RECALLED TO SECOND READING 97-05-31 S AMENDMENT NO. 01-BOMKE 97-05-31 S ADOPTED 97-05-31 S AMENDMENT NO. 03-BOMKE 97-05-31 S ADOPTED 97-05-31 S AMENDMENT NO. 04-MAITLAND 97-05-31 S ADOPTED 97-05-31 S PLACED ON CALENDAR ORDER OF 3RD READING 97-05-31 S THIRD READING - PASSED 058-000-000 97-05-31 S TABLED PURSUANT TO RULE 5-4(A) SA 02 97-05-31 S THIRD READING - PASSED 058-000-000 97-05-31 H ARRIVE IN HOUSE 97-05-31 H PLACED ON CALENDAR ORDER OF CONCURRENCE 01,03,04 97-05-31 H MOTION FILED CONCUR 01,03,04/POE 97-05-31 H MOTION REFERRED TO 01,03,04/HRUL 97-05-31 H BE APPROVED FOR CONSIDERATION 01,03,04/HRUL 97-05-31 H HSE CONCURS IN SEN AMENDMENTS (NO.) 1,3,4/118-000-000 97-05-31 H ADDED AS A CO-SPONSOR WOOLARD 97-05-31 H ADDED AS A CO-SPONSOR BLACK 97-05-31 H ADDED AS A CO-SPONSOR TENHOUSE 97-05-31 H ADDED AS A CO-SPONSOR NOLAND 97-05-31 H ADDED AS A CO-SPONSOR BEAUBIEN 97-05-31 H ADDED AS A CO-SPONSOR STEPHENS 97-05-31 H ADDED AS A CO-SPONSOR MOFFITT 97-05-31 H ADDED AS A CO-SPONSOR MEYER 97-05-31 H ADDED AS A CO-SPONSOR MURPHY 97-05-31 H ADDED AS A CO-SPONSOR DEERING 97-05-31 H ADDED AS A CO-SPONSOR MITCHELL 97-05-31 H ADDED AS A CO-SPONSOR LAWFER 97-05-31 H ADDED AS A CO-SPONSOR HOEFT 97-05-31 H ADDED AS A CO-SPONSOR TURNER,JOHN 97-05-31 H ADDED AS A CO-SPONSOR WAIT 97-05-31 H ADDED AS A CO-SPONSOR DURKIN 97-05-31 H PASSED BOTH HOUSES 97-06-27 H SENT TO THE GOVERNOR 97-07-07 H GOVERNOR APPROVED 97-07-07 H EFFECTIVE DATE 97-07-07 97-07-07 H PUBLIC ACT.............................. 90-0065 END OF INQUIRY Full Text Bill Summary