House Sponsors: SANTIAGO. Short description: PEN CD-ALL PUB EMPLS-NEW PLAN Synopsis of Bill as introduced: Amends the Illinois Pension Code. Provides for the creation of a new defined-contribution retirement plan for all new public officers and employees. Excludes new public officers and employees from the existing pension funds created under the Pension Code. Pre-empts home rule power. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE Fiscal impact has not been determined. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status